Media market concentration, advertising levels, and ad prices
Working paper
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http://hdl.handle.net/11250/166712Utgivelsesdato
2012-01Metadata
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Sammendrag
Standard media economics models imply that increased platform competition decreases ad levels and that mergers reduce per-viewer ad prices. The empirical evidence, however, is mixed. We attribute the theoretical predictions to the combined assumptions that there is no advertising congestion and that viewers single-home. Allowing for crowding in viewer attention spans for ads may reverse standard results, as does allowing viewers to multi-home.