Kind, Hans Jarle; Nilssen, Tore; Sørgard, Lars - Centre for Industrial Economics (CIE), Økonomisk Institut - 2005
by advertising as well. The closer substitutes the media firms’ products are, the less they rely on consumer payment and … the more they rely on advertising revenues. If media firms can invest in programming, they invest more the less …This paper analyses how competition between media firms influences the way they are financed. In a setting where …