FCC Regulation, Monopsony, and Network Television Program Costs

In this paper, a television program cost function is derived from a simple model of network rivalry based upon the Cournot postulate. This cost function is then fitted to data from a cross section of new network entertainment series for 1960-1965. The resulting estimates are quite unfavorable to two different aspects of FCC policy towards television broadcasting.

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Year of publication:	1972
Authors:	Crandall, Robert W.
Published in:	Bell Journal of Economics. - The RAND Corporation, ISSN 0361-915X. - Vol. 3.1972, 2, p. 483-508
Publisher:	The RAND Corporation

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005353704