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Media Market Concentration, Advertising Levels, and Ad PricesSimon P. AndersonUniversity of Virginia - Department of Economics Ø. ForosNorwegian School of Economics (NHH) - Department of Economics Hans Jarle KindNorwegian School of Economics & Business Administration (NHH); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Norwegian School of Economics (NHH) - Department of Economics Martin PeitzUniversity of Mannheim - Department of Economics December 1, 2011 NHH Dept. of Economics Discussion Paper No. 24/2011 Abstract: 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.
Number of Pages in PDF File: 18 Keywords: Media economics, pricing ads, advertising clutter, information congestion, mergers, entry JEL Classification: D11, D43, L13 working papers seriesDate posted: December 15, 2011Suggested CitationContact Information
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