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Advertising and the Distribution of Content

Weeds, Helen - C.E.P.R. Discussion Papers - 2012

This paper examines incentives for exclusive distribution of content in the presence of advertising. A monopoly seller …-maximising choice, even when distributors also sell advertising airtime. When distributors are purely advertising-funded, however, non …-exclusive contracting may instead be preferred. Advertising revenues accruing directly to the content provider may also generate a …

Persistent link: https://www.econbiz.de/10011083559

Flexibility and Collusion with Imperfect Monitoring

Bigoni, Maria; Potters, Jan; Spagnolo, Giancarlo - C.E.P.R. Discussion Papers - 2012

Flexibility - the ability to react swiftly to others' choices - facilitates collusion by reducing gains from defection before opponents react. Under imperfect monitoring, however, flexibility may also hinder collusion by inducing punishment after too few noisy signals. The combination of these...

Persistent link: https://www.econbiz.de/10011084106

Coordination and Lock-In: Competition with Switching Costs and Network Effects

Farrell, Joseph; Klemperer, Paul - C.E.P.R. Discussion Papers - 2006

Switching costs and network effects bind customers to vendors if products are incompatible, locking customers or even markets in to early choices. Lock-in hinders customers from changing suppliers in response to (predictable or unpredictable) changes in efficiency, and gives vendors lucrative ex...

Persistent link: https://www.econbiz.de/10005124423

Dynamic Price Competition with Capacity Constraints and Strategic Buyers

Biglaiser, Gary; Vettas, Nikolaos - C.E.P.R. Discussion Papers - 2004

We analyse a set of simple dynamic models where sellers are capacity constrained over the length of the model. Buyers act strategically in the market, knowing that their purchases may affect future prices. The model is examined when there are single and multiple buyers, with both linear and...

Persistent link: https://www.econbiz.de/10005067464

Content and Advertising in the Media: Pay-TV versus Free-To-Air

Peitz, Martin; Valletti, Tommaso - C.E.P.R. Discussion Papers - 2004

We compare the advertising intensity and content of programming in a market with competing media platforms. With pay …-tv media platforms have two sources of revenues, advertising revenues and revenues from viewers. With free-to-air media … platforms receive all revenues from advertising. We show that if viewers strongly dislike advertising, the advertising intensity …

Persistent link: https://www.econbiz.de/10005123830

Introductory Offers in a Model of Strategic Competition

Gehrig, Thomas; Stenbacka, Rune - C.E.P.R. Discussion Papers - 2002

We show how introductory offers emerge endogenously under conditions of competition in markets with switching costs. In a standard Hotelling model we find the combination of switching costs and introductory discounts to reduce industry profits relative to industries without switching costs, in...

Persistent link: https://www.econbiz.de/10005662404

On the Non-Exclusivity of Loan Contracts: An Empirical Investigation

Degryse, Hans; Ioannidou, Vasso; von Schedvin, Erik - C.E.P.R. Discussion Papers - 2012

Credit contracts are non-exclusive. A string of theoretical papers shows that nonexclusivity generates important negative contractual externalities. Employing a unique dataset, we identify how the contractual externality stemming from the non-exclusivity of credit contracts affects credit...

Persistent link: https://www.econbiz.de/10011083384

Endogenous Contracts Under Bargaining in Competing Vertical Chains

Milliou, Chrysovalantou; Petrakis, Emmanuel; Vettas, … - C.E.P.R. Discussion Papers - 2003

We investigate the endogenous determination of contracts in competing vertical chains where upstream and downstream firms bargain first over the type of contract and then over the contract terms. Upstream firms always opt for non-linear contracts, which specify the input quantity and its total...

Persistent link: https://www.econbiz.de/10005123524

Global versus Local Competition

Legros, Patrick; Stahl, Konrad - C.E.P.R. Discussion Papers - 2002

We analyse the impact of increased outside opportunities brought to consumers by access to a global market on local market performance under monopoly versus oligopoly. If consumers have to choose once where to shop we show that under all forms of organizing the local market, increased...

Persistent link: https://www.econbiz.de/10005498025

Cartels, Contracts and Centralization: The Transition to Futures Trading for Primary Commodities

Haskel, Jonathan - C.E.P.R. Discussion Papers - 1995

Trading in futures markets has grown substantially for many commodities. At the same time the power of many dominant producers has weakened and core prices have tended to fall towards those on the fringe. Existing cartel/fringe models fail to explain the difference between core and fringe prices...

Persistent link: https://www.econbiz.de/10005504245

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