Crawford, Gregory S. and Shum, Matthew (2007) Monopoly quality degradation and regulation in cable television. Journal of Law and Economics, 50 (1). pp. 181-219. ISSN 0022-2186. doi:10.1086/508310. https://resolver.caltech.edu/CaltechAUTHORS:CRAjle07
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Abstract
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.
| Item Type: | Article | ||||||
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| Additional Information: | © 2007 The University of Chicago. We would like to thank Gary Biglaiser, Silke Januszewski, Eugenio Miravete, and seminar participants at Northwestern University, the University of California, Los Angeles, the National Bureau of Economic Research 2002 winter program meeting, the Society for Economic Dynamics 2002 meeting, the 2004 Kiel-Munich Workshop on Network Industries, and the 2004 Centre for Economic Policy Research conference Competition in the New Economy for helpful comments. | ||||||
| Subject Keywords: | PRICE-DISCRIMINATION; MARKET POWER; INDUSTRY; DEMAND; INFORMATION; COMPETITION; SERVICE; CHOICE | ||||||
| Issue or Number: | 1 | ||||||
| DOI: | 10.1086/508310 | ||||||
| Record Number: | CaltechAUTHORS:CRAjle07 | ||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:CRAjle07 | ||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | ||||||
| ID Code: | 12162 | ||||||
| Collection: | CaltechAUTHORS | ||||||
| Deposited By: | Lindsay Cleary | ||||||
| Deposited On: | 28 Oct 2008 17:15 | ||||||
| Last Modified: | 08 Nov 2021 22:26 |
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