Cultural quotas in broadcasting I: a model
Martin Richardson
ANU Working Papers in Economics and Econometrics from Australian National University, College of Business and Economics, School of Economics
Abstract:
This paper develops a Hotelling location model in which two radio stations choose combinations of local and international content to play, given consumers with preferences distributed over those combinations. Station revenue derives from sales of advertising time, the demand for which depends negatively on the price and positively on the station’s market share and consumers get disutility from advertising and from a less-than-ideal broadcast mix of local and international content. In this setting we show that the laissez-faire solution involves less than (socially optimal) maximal differentiation
JEL-codes: L59 L82 Z10 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2004-07
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Citations: View citations in EconPapers (4)
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Persistent link: https://EconPapers.repec.org/RePEc:acb:cbeeco:2004-442
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