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The political legacy of entertainment TV

Durante, Ruben; Pinotti, Paolo; Tesei, Andrea - 2015

We investigate the political impact of entertainment television in Italy over the past thirty years by exploiting the … municipalities that had access to Mediaset prior to 1985 - when the network only featured light entertainment programs - were … different mechanisms through which early exposure to entertainment content may have influenced their political attitudes. …

Persistent link: https://www.econbiz.de/10011460769

Downstream investment in oligopoly

Buehler, Stefan; Schmutzler, Armin - 2003

We examine cost-reducing investment in vertically-related oligopolies, where firms may be vertically integrated or separated. Analyzing a standard linear Cournot model, we show that: (i) Integrated firms invest more than separated competitors. (ii) Vertical integration increases own investment...

Persistent link: https://www.econbiz.de/10010315492

Asymmetric vertical integration

Buehler, Stefan; Schmutzler, Armin - 2004

We examine vertical backward integration in a reducedform model of successive oligopolies. Our key findings are: (i) There may be asymmetric equilibria where some firms integrate and others remain separated, even if firms are symmetric initially; (ii) Efficient firms are more likely to integrate...

Persistent link: https://www.econbiz.de/10010315532

Designing institutions for diversity

Letina, Igor; Schmutzler, Armin - 2015

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is desirable because it generates an option value. In our main model with two suppliers, the buyer...

Persistent link: https://www.econbiz.de/10011420558

Designing institutions for diversity

Letina, Igor; Schmutzler, Armin - 2015

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach of the supplier, but the best approach is unknown. Diversity of approaches is beneficial because of the resulting option value. An auction induces the social optimum, while a...

Persistent link: https://www.econbiz.de/10011420571

Inducing variety: A theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2019

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches generates an option value. We show that suitable contests can induce such variety. The...

Persistent link: https://www.econbiz.de/10011993818

Inducing variety: A theory of innovation contests

Letina, Igor; Schmutzler, Armin - 2017

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches is desirable because it generates an option value. We show that suitable contests can induce such...

Persistent link: https://www.econbiz.de/10011784283

Censorship in democracy

Caesmann, Marcel; Goldzycher, Janis; Grigoletto, Matteo; … - 2024

The spread of propaganda, misinformation, and biased narratives from autocratic regimes, especially on social media, is a growing concern in many democracies. Can censorship be an effective tool to curb the spread of such slanted narratives? In this paper, we study the European Union's ban on...

Persistent link: https://www.econbiz.de/10014554631

The welfare effects of endogenous quality choice in cable television markets

Crawford, Gregory S.; Shcherbakov, Oleksandr; Shum, Matthew - 2015

We measure the welfare consequences of endogenous quality choice in imperfectly competitive markets. We introduce the concept of a "quality markup" and measure the relative welfare consequences of market power over price and quality. For U.S. paid-television markets during 1997-2006, we find...

Persistent link: https://www.econbiz.de/10011420559

The economics of television and online video markets

Crawford, Gregory S. - 2015

Television is the dominant entertainment medium for hundreds of millions. This chapter surveys the economic forces that …

Persistent link: https://www.econbiz.de/10011420564

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