Dewatripont and Tirole (2024) defend the morality of markets on the ground of an irrelevance result: the social production of moral actions is independent from competitive pressure on markets. No matter how strong competitive pressure is, markets perform well in diffusing signals about moral...

This paper develops an original model of product differentiation, to contribute to the debate about the regulation and finance of public television. It goes beyond the conventional analysis in this topic, by showing the spill-over effects that a public broadcaster can have upon commercial...