CRAMPES, CLAUDE; HARITCHABALET, CAROLE; JULLIEN, BRUNO - In: Journal of Industrial Economics 57 (2009) 1, pp. 7-31
This paper presents a model of media competition with free entry when media platforms are financed both from advertising receipts and customers' subscriptions. We establish a relationship between the equilibrium levels of prices, advertising and entry, the welfare maximizing levels and the...