Empirical evidence about innovation is doubtful in showing incumbent firms’ and new entrants’ attitude toward radical innovations. Moreover, theoretical works exhibit divergent conclusions when investigating the incentives to innovate. Our paper emphasizes the importance of distinguishing...

The present paper provides a two-sided model of broadcasting competition with endogenous quality provision. We address the role of potential demand by considering an uncovered market setting and we investigate the effects of the merger in terms of advertising intensities, subscription fees and...

The present paper provides a two-sided model of broadcasting competition with endogenous quality provision. We address the role of potential demand by considering an uncovered market setting and we investigate the effects of the merger in terms of advertising intensities, subscription fees and...

We study the relationship between process and product innovations in vertically differentiated duopolies. A process innovation can lead two competing firms to improve the quality of their goods introducing a product innovation. In fact, a cost reducing innovation has two effects: it spurs...

Recent empirical evidence about innovation shows that established firms rarely invest in radical innovation but incrementally improve the existing technology. Revolutionary breakthroughs are more likely to be introduced by new entrants. These stylized facts motivate a renewed attention of the...

In many countries, markets for news are characterized by the coexistence of sources of information which differ as to their contents (in particular, the entertainment/information mix). In this paper we model a market for news where two advertising-supported sources compete for the readers....

This paper proposes a framework for the analysis of the demand- side in the market for news, whereas the existing literature has mainly focused on the supply side. We modeled explicitly the value of information and the demand for news. In particular, the relationship between the level of...