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We consider a model of a TV oligopoly where TV channels transmit advertising and viewers dislike such commercials. We show that advertisers make a lower profit the larger the number of TV channels. If TV channels are sufficiently close substitutes, there will be underprovision of advertising...
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In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television … both media outlets to incorporate more entertaining elements in news coverage. The introduction of commercial television …, however, which leads to a unilateral fall in the distance costs to the television broadcast, yields different results. It …
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