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This paper empirically investigates the advertising competition in the French broadcast television industry within a …, and quantities of advertising of twenty-one TV channels from March 2008 to December 2013. We specify a structural model of … French TV advertising market is of the Cournot type. Further, we provide empirical evidence that the price-cost margin is not …
Persistent link: https://www.econbiz.de/10012955187
typically noisy. Also, the market for information tends to be a monopoly, and there is typically inefficiency given by …
Persistent link: https://www.econbiz.de/10013316507
This paper analyzes persuasive advertising and pricing in oligopoly if firms sell differentiated products and consumers … that the demand-enhancing effect of persuasive advertising varies across consumers and increases in the average degree of … conformity. In equilibrium, both quality and cost leaders choose higher advertising intensities and charge higher prices than …
Persistent link: https://www.econbiz.de/10013124388
Economists have emphasized the role of dissipative advertising and price as signals of quality. Most works, however …;D efforts and therefore are both uncertain. I characterize the optimal separating marketing mix (price and advertising) when …), advertising appears to be necessary together with price to signal quality. Equilibrium profits depend on cost but not on quality …
Persistent link: https://www.econbiz.de/10012771800
We derive equilibrium incentives to use comparative advertising that pushes up own brand perception and pulls down the … matrices identify diversion ratios, from which we derive comparative advertising damage measures. We find that comparative … advertising causes more damage to the targeted rival than benefit to the advertiser. We simulate banning comparative advertising …
Persistent link: https://www.econbiz.de/10013019411
We consider a model of a TV oligopoly where TV channels transmit advertising and viewers dislike such commercials. We … substitutes, there will be underprovision of advertising relative to social optimum. We also find that the more viewers dislike … ads, the more likely it is that welfare is increasing in the number of advertising financed TV channels. A publicly owned …
Persistent link: https://www.econbiz.de/10013317313
party mimic each other's policies. Moreover partisan politics may also act through a monopoly power effect linked to several … sources of interaction. Yardstick hypothesis, intellectual trend hypothesis and potential partisan monopoly power effect are … intellectual trend hypothesis. Moreover evidence is found of a partisan monopoly power effect: several successive legislatures with …
Persistent link: https://www.econbiz.de/10013096572
-valorem taxes. We show that (i) a monopoly may have too high output compared to the social optimum; (ii) output may be reduced by …
Persistent link: https://www.econbiz.de/10012772273
that the monopoly platform does not introduce distortions over and above those arising from the market power of the …
Persistent link: https://www.econbiz.de/10012772229
The Pennsylvania Liquor Control Board administers the purchase and sale of wine and spirits and is mandated to charge a uniform 30% markup on all products. We use an estimated discrete choice model of demand for spirits, together with information on wholesale prices, to assess the implications...
Persistent link: https://www.econbiz.de/10013055988