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In this paper, we analyze the equilibrium amount of entertainment in news coverage of newspapers and television stations. We find that a shift in the inclination to read, expressed by a shift in the (psychological) distance costs, induces both media outlets to incorporate more entertaining...
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I model the strategic interaction between firms, that face decisions on investment, forward contracts and spot market quantities. For an investment decision that takes place after firms have contracted forward but before firms compete on the spot market (medium term investment), competition...
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topic of asymmetric horizontal differentiation by allowing a firm's costly advertising to have a different impact on its own … demand function than it does on that of its rival. This leads to the interesting analytical result that advertising that … "couple" effect where firm advertising can tilt its own and its rival's demand functions in different directions. Several …
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A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far …
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