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Type | Journal Article |
Scope | Discipline-based scholarship |
Title | Monopoly quality degradation and regulation in cable television |
Organization Unit | |
Authors |
|
Item Subtype | Original Work |
Refereed | Yes |
Status | Published in final form |
Language |
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Journal Title | The Journal of Law and Economics |
Publisher | University of Chicago Press |
Geographical Reach | international |
ISSN | 0022-2186 |
Volume | 50 |
Number | 1 |
Page Range | 181 - 219 |
Date | 2007 |
Abstract Text | Using an empirical framework based on the Mussa-Rosen model of monopoly quality choice, we calculate the degree of quality degradation in cable television markets and the impact of regulation on those choices. We find lower bounds of quality degradation ranging from 11 to 45 percent of offered service qualities. Furthermore, cable operators in markets with local regulatory oversight offer significantly higher quality, less degradation, and greater quality per dollar, despite higher prices. |
Related URLs | |
Digital Object Identifier | 10.1086/508310 |
PDF File | Download from ZORA |
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Keywords | Government regulation, monopoly, market prices, broadcast regulation, market share, cable television, cable television industry, consumer preferences, securities and exchange commission regulation |