The economic literature on the prospects for cable television in the nation's major television markets is universally pessimistic. The conventional wisdom, as expressed by Park and Mitchell in the pages of this Journal, is that cable systems will not be able to enroll many subscribers in areas...

In this paper, a television program cost function is derived from a simple model of network rivalry based upon the Cournot postulate. This cost function is then fitted to data from a cross section of new network entertainment series for 1960-1965. The resulting estimates are quite unfavorable to...

Sidney Weintraub nos presenta una reseña útil y completa de la floreciente bibliografía sobre los efectos potenciales del TLC en sectores e industrias individuales. Comparto la intranquilidad de Weintraub en cuanto al uso de estos estudios diversos para pronosticar los efectos precisos de la...

During the past 20 years, the U.S. telephone industry has undergone a remarkable evolution from a set of government-enforced monopolies to a much more competitive environment. Long-distance service, private-line service, data communications, and terminal equipment once were available only from...

Book review