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...

We investigate the political impact of entertainment television in Italy over the past thirty years by exploiting the staggered introduction of Silvio Berlusconi's commercial TV network, Mediaset, in the early 1980s. We find that individuals in municipalities that had access to Mediaset prior to...

Die vorliegende Arbeit untersucht, ob bzw. inwiefern die mikroökonomische Theorie geeignet ist, das beobachtbare Verhalten von Individuen in als kompetitiv geltenden Umfeldern zu erklären. Auf Basis eigens erhobener Daten aus dem (professionellen) Sport einerseits und einer in zahlreichen...

This paper analyzes market segmentation in a two-sided market that consists of media consumers and advertisers. The analysis is motivated by a European Court of Justice Decision in October 2011, which allowed viewers to take advantage of international price differences and buy access to Premier...