resulted in a decline in newspaper readership which was not compensated by increased news consumption on other media. Finally …

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 the scope for raising revenues from consumer payment is …

multiple networks to price differentiate consumers on both sides of the market. Competing network providers might operate … networks such that one of them targets high reservation value consumers on one side of the market, while the other targets high … equilibria product differentiation is endogenized by the network choices of consumers. Heterogeneity of consumers is necessary …

permits are initially allocated to households who are then allowed to sell them in the permit market or to withhold (at least … traditional permit systems which neglect consumer preferences by solely distributing emission permits to producers/polluters. In … change in environmental policy would mark a return to the traditional principles of consumer sovereignty by involving …