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We analyze strategic interactions between two competing distributors of an independent TV channel. Consistent with most of the relevant markets, we assume that the distributors set end-user prices while the TV channel sets advertising prices. Within this framework we show that the distributors...
Persistent link: https://www.econbiz.de/10013103607
multimarket contact generates mutual forbearance in frequency competition, finding no evidence for such an effect …
Persistent link: https://www.econbiz.de/10013088139
stress that competition and regulatory authorities should take seriously the potential trade-off between market power effects …
Persistent link: https://www.econbiz.de/10012953486
We consider dynamic competition among platforms in a market with network externalities. A platform that dominated the … the focal platform whenever such equilibrium exists. Yet when faced with higher-quality competition, can a low …
Persistent link: https://www.econbiz.de/10012993108
competition between the TV channels, since they take into account the fact that a lower viewer price at one channel will harm …
Persistent link: https://www.econbiz.de/10013144903
incorporated. We find that tougher competition between the JV partners may actually increase channel profit under such a scheme. We …
Persistent link: https://www.econbiz.de/10010877877
This paper examines the role of both cost-sharing schemes in health insurance systems and entry regulation for pharmaceutical R&D expenditure, drug prices, aggregate productivity, and income. The analysis suggests that both an increase in the coinsurance rate and stricter price regulations...
Persistent link: https://www.econbiz.de/10013125326
consumers' capacity to gather and process information is limited. Rather, it intensifies competition for scarce consumer …
Persistent link: https://www.econbiz.de/10013083880
entrepreneurial effort allocated to high-quality invention projects. Using data on patents granted to small firms and individuals, we … find evidence that high-quality inventions are sold under preemptive bidding competition. Asymmetric information problems …
Persistent link: https://www.econbiz.de/10013087725
The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...
Persistent link: https://www.econbiz.de/10012955279