Optimal product variety in radio markets.

A vast theoretical literature explores inefficient market structures in free-entry equilibria, and previous empirical work demonstrated that excessive entry may obtain in local radio markets. We extend that literature by relaxing the assumption that stations are symmetric, allowing for endogenous ho...

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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 47; no. 3; pp. 463 - 498
Main Authors:	Berry, Steven, Eizenberg, Alon, Waldfogel, Joel
Format:	Article
Published:	Wiley-Blackwell Fall2016
Subjects:	Broadcasting industry Empirical research Market design & structure (Economics) Economics literature Market equilibrium
Online Access:	View this record in EBSCOhost