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A monopolistic advertiser-supported television station chooses the program quality to serve (potential) viewers whose …
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We customize the aggregative game approach to oligopoly to study asymmetric media markets. Advertiser, platform, and consumer surplus are tied together by a simple summary statistic. When media are ad-financed and ads are a nuisance to consumers we establish see-saws between consumers and...
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Evidence from a sample of countries show that people roughly spend as much time watching television as earning their … living. Moreover, television viewing and work hours are positively correlated across countries. A simple model based on … this model the equilibria can be inversely Pareto-ranked by their amount of television viewing. Arguments are offered to …
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