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- W3148645972 abstract "We investigate the welfare effects of vertical integration of regional sports networks (RSNs) with programming distributors in U.S. multichannel television markets. Vertical integration can enhance efficiency by reducing double marginalization and increasing carriage of channels, but can also harm welfare due to foreclosure and raising rivals' costs incentives. We estimate a structural model of viewership, subscription, distributor pricing, and affiliate fee bargaining using a rich dataset on the U.S. cable and satellite television industry (2000-2010). We use these estimates to analyze the impact of simulated vertical mergers and de-mergers of RSNs on competition and welfare, and examine the efficacy of regulatory policies introduced by the U.S. Federal Communications Commission to address competition concerns in this industry." @default.
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- W3148645972 date "2015-12-01" @default.
- W3148645972 modified "2023-09-27" @default.
- W3148645972 title "The Welfare Effects of Vertical Integration in Multichannel Television Markets" @default.
- W3148645972 doi "https://doi.org/10.3386/w21832" @default.
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