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The choice of language is a crucial decision for firms competing in cultural goods and media markets with a bilingual … characteristics (content) as well as over the language of the product, we can examine the efficiency of market outcomes regarding … linguistic diversity. In this paper, I extend the spokes model and introduce language as an additional dimension of product …
Persistent link: https://www.econbiz.de/10005082666
readerships through a particular language. The choice of language is a trivial decision if consumers are monolingual. However, the … second language. In this paper I argue that, independently of the gains associated with the use of a lingua franca, the very …
Persistent link: https://www.econbiz.de/10008458293
This paper assesses film makers' choices on product quality and variety in filmproduction, which production budget and genre are used to represent quality andvariety, respectively. My research is unique in that it exploits the peculiar lack ofprice variation in the film industry, as ticket...
Persistent link: https://www.econbiz.de/10012929494
In this paper, we examine the impact of horizontal and vertical market structure on product variety. We consider a market for horizontally differentiated products in which the cost of launching a new product is fixed and spread between the manufacturing and the retail industries. While this...
Persistent link: https://www.econbiz.de/10014059001
This chapter focuses on the economic mechanisms at work in recent models of advertising finance in media markets developed around the concept of two-sided markets. The objective is to highlight new and original insights from this approach, and to clarify the conceptual aspects. The chapter first...
Persistent link: https://www.econbiz.de/10014025251
Media industries typically exhibit two fundamental features, high fixed costs and heterogeneity of consumer preferences. Daily newspaper markets, for example, tend to support a single product. In other examples, such as radio broadcasting, markets often support multiple differentiated offerings....
Persistent link: https://www.econbiz.de/10014025252
other language. We develop a theoretical model of translation, which is estimated on the basis of UNESCO translation data … authors, this may lead to a form of cultural domination of English. The population speaking English as a first language is …
Persistent link: https://www.econbiz.de/10014219655
This paper examines the competitive effects of resale price maintenance (RPM) through inventory decisions under demand uncertainty. We focus on the Japanese publishing industry where RPM is allowed. We develop and estimate a model of RPM in which price and inventory are determined before demand...
Persistent link: https://www.econbiz.de/10014480494
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...
Persistent link: https://www.econbiz.de/10003981036
We study a two-sided markets model of two competing television stations that offer content of differentiated quality to ad-averse consumers and advertising space to firms. As all consumers prefer high over low quality content, competition for viewers is vertical. By contrast, competition for...
Persistent link: https://www.econbiz.de/10009240018