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Financing of Media Firms: Does Competition Matter?

Hans Jarle Kind (), Tore Nilssen () and Lars Sørgard ()

No 2005-08, CIE Discussion Papers from University of Copenhagen. Department of Economics. Centre for Industrial Economics

Abstract: This paper analyses how competition between media firms influences the way they are financed. In a setting where monopoly media firms choose to be completely financed by consumer payments, competition may lead the media firms to be financed by advertising as well. The closer substitutes the media firms’ products are, the less they rely on consumer payment and the more they rely on advertising revenues. If media firms can invest in programming, they invest more the less differentiated the media products are perceived to be.

Keywords: media; advertising; two-sided markets (search for similar items in EconPapers)
JEL-codes: L22 L82 L86 M37 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2005-06
New Economics Papers: this item is included in nep-com, nep-cul, nep-mic and nep-mkt
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