Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - CESifo GmbH <München> - 2006
We consider a model of a TV oligopoly where TV channels transmit advertising and viewersdislike such commercials. We … substitutes, there will be underprovisionof advertising relative to social optimum. We also find that the more viewers dislike ads …, themore likely it is that welfare is increasing in the number of advertising financed TV channels... …