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• W2183296875 abstract "We measure the welfare consequences of market power over quality in cable television markets. We extend the analytical approach commonly used in the theoretical screening literature to specify an empirical model that endogenizes the prices and qualities offered by multiproduct monopoly cable television systems. We estimate the model on an unbalanced panel of xxx cable systems between xxx and 2000. Preliminary results using a single cross-section in 1998 and a simplified empirical model show significant degradation in the quality of offered cable service relative to first-best levels, the welfare consequences of which are roughly half that from monopoly pricing. The proposed empirical framework readily adapts itself to analyzing competition in prices and qualities." @default.
• W2183296875 created "2016-06-24" @default.
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• W2183296875 date "2011-01-01" @default.
• W2183296875 modified "2023-09-24" @default.
• W2183296875 title "The Welfare Effects of Monopoly Quality Choice: Evidence from Cable Television Markets" @default.
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