The Welfare Effects of Vertical Integration in Multichannel Television Markets
Robin Lee (),
Ali Yurukoglu and
Additional contact information
Gregory Crawford: University of Warwick
No 81, 2013 Meeting Papers from Society for Economic Dynamics
We investigate the welfare effects of vertical integration in U.S. multichannel television markets. Vertical integration in this market can enhance efficiency by aligning investment incentives and/or reducing double marginalization, but can also increase market power by encouraging raising rivals costs. We measure these competing effects in the carriage, channel placement, and pricing decisions of regional sports networks (RSN's) by affiliated and unaffiliated cable and satellite television distributors. We carry out descriptive analyses that compare integrated and non-integrated RSN's and distributors' prices and carriage, investment levels, and viewership ratings. We then estimate a model of viewership, subscription, distributor pricing, bargaining, and investment in RSN quality. We use the estimated model to analyze the welfare effects of simulated vertical mergers and de-mergers and the closing of the so-called "terrestrial loophole" by the U.S. Federal Communications Commission
References: Add references at CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: The Welfare Effects of Vertical Integration in Multichannel Television Markets (2018)
Working Paper: The Welfare Eff ects of Vertical Integration in Multichannel Television Markets (2016)
Working Paper: The Welfare Effects of Vertical Integration in Multichannel Television Markets (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:red:sed013:81
Access Statistics for this paper
More papers in 2013 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().