| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP10762
|
| DP10762 Advertising Competition in the French Free-To-Air Television Broadcasting Industry |
| Marc Ivaldi; Jiekai Zhang
|
| 发表日期 | 2015-08-09
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | This paper investigates empirically the advertising competition in the French free TV broadcasting industry in a two-sided framework. We specify a structural model of oligopoly competition of free TVs, and identify the shape and magnitude of the feedback loop between the TV viewers and the advertisers using French market data from March 2008 to December 2013. We contribute to the literature by implementing a simple procedure to test the conduct of TV channels, and identify that the nature of competition is of Cournot type on the French TV advertising market. In line with a decision of French anti-trust authority in 2010 which authorized the acquisition of two free broadcasting TV channels by a big media group under behavioral remedies, a series of competitive analysis has been conducted: We find firstly that the surpls of TV viewers keep raising after the decision of acquisition, suggesting that the implemented policy has been efficient in protecting the consumer surplus; Then, we find, by counterfactual simulation, that the merger of advertising agencies would not affect importantly the equilibrium outcomes in this industry, due to the strong network externalities between the TV viewers and the advertisers. |
| 主题 | Industrial Organization
|
| 关键词 | Advertising
Competition
Media
Tv
Two-sided market
Market conduct
Behavioral remedies
|
| URL | https://cepr.org/publications/dp10762
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539593
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推荐引用方式
GB/T 7714 |
Marc Ivaldi,Jiekai Zhang. DP10762 Advertising Competition in the French Free-To-Air Television Broadcasting Industry. 2015.
|
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