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Markets for Information : Of Inefficient Firewalls and Efficient Monopolies

Cabrales, Antonio; Gottardi, Piero - 2021

In this paper we build a formal model to study market environments where information is costly to acquire and is of use also to potential competitors. In such situations a market for information may form, where reports - of unverifiable quality - over the information acquired are sold. A...

Persistent link: https://www.econbiz.de/10013316507

Competition for Viewers and Advertisers in a TV Oligopoly

Kind, Hans Jarle; Nilssen, Tore; Sorgard, Lars - 2021

We consider a model of a TV oligopoly where TV channels transmit advertising and viewers dislike such commercials. We show that advertisers make a lower profit the larger the number of TV channels. If TV channels are sufficiently close substitutes, there will be underprovision of advertising...

Persistent link: https://www.econbiz.de/10013317313

Media Market Concentration, Advertising Levels, and Ad Prices

Anderson, Simon P. - 2011

Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and...

Persistent link: https://www.econbiz.de/10013117358

Business Models for Media Firms : Does Competition Matter for How They Raise Revenue?

Kind, Hans Jarle - 2009

The purpose of this article is to analyze how competitive forces may influence the way media firms like TV channels raise revenue. A media firm can either be financed by advertising revenue, by direct payment from the viewers (or the readers, if we consider newspapers), or by both. We show that...

Persistent link: https://www.econbiz.de/10013157846

Information Markets, Elections and Contracts

Gersbach, Hans - 2011

Politicians may pander to public opinion and may renounce undertaking beneficial long-term projects. To alleviate this problem, we introduce a triple mechanism involving political information markets, reelection threshold contracts, and democratic elections. An information market is used to...

Persistent link: https://www.econbiz.de/10013130416

Can There Be a Market for Cheap-Talk Information? An Experimental Investigation

Cabrales, Antonio - 2018

This paper reports on experiments testing the viability of markets for cheap talk information. We find that the poor quality of the information transmitted leads to a collapse of information markets. The reasons for this are surprising given the previous experimental results on cheap-talk games....

Persistent link: https://www.econbiz.de/10012917514

Spilling Over and Crowding Out: The Effects of Public Sector/Private Sector Convergence and Competition, in the Provision of Public Goods

Barrowclough, Diana - CESifo - 2001

finance of public television. It goes beyond the conventional analysis in this topic, byshowing the spill-over effects that a …. These tensions arebeing felt in the television sectors of virtually every country of the world. To illustrate these and … advertising. The second novelty of this model is its pricing scheme, which capturesthe unusual nature of television advertising …

Persistent link: https://www.econbiz.de/10005181355

It's the Media, Stupid - How Media Activity Shapes Public Spending

Bruns, Christian; Himmler, Oliver - CESifo - 2008

television stations. Instrumenting for the possible endogeneity of media activity to public spending, 2SLS results confirm a …

Persistent link: https://www.econbiz.de/10005181563

Implementation of Communication Equilibria by Correlated Cheap Talk : The Two-Player Case

Vida, Peter - 2011

We show that essentially every communication equilibrium of any finite Bayesian game with two players can be implemented as a strategic form correlated equilibrium of an extended game, in which before choosing actions as in the Bayesian game, the players engage in a possibly infinitely long (but...

Persistent link: https://www.econbiz.de/10013128960

Ageing, Government Budgets, Retirement, and Growth

Gonzalez-Eiras, Martín - 2011

We analyze the short and long run effects of demographic ageing - increased longevity and reduced fertility - on per-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital deepening, and indirect effects, working through...

Persistent link: https://www.econbiz.de/10013129861

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