The paper analyzes the economic reasons why the broadcasting industry remains extremely concentrated in all countries. The endogenous sunk costs of contents explain the persistence of concentration. Regulation for pluralism is then discussed.
Concentration and Public Policies in the Broadcasting Industry
POLO, MICHELE
1997
Abstract
The paper analyzes the economic reasons why the broadcasting industry remains extremely concentrated in all countries. The endogenous sunk costs of contents explain the persistence of concentration. Regulation for pluralism is then discussed.
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