New Economics Papers
on Law and Economics
Issue of 2007‒02‒03
four papers chosen by
Jeong-Joon Lee, Towson University

  1. Exclusive Quality - Why Exclusive Distribution May Benefit the TV Viewers By Stennek, Johan
  2. Horizontal Merger Antitrust Enforcement: Some Historical Perspectives, Some Current Observations By Lawrence White
  3. Crime and Uncertain Punishment By Barbara G. Katz; Joel Owen
  4. Innovation in International Law and Global Finance: Estimating the Financial Impact of the Cape Town Convention By Ingo Walter; Anthony Saunders; Anand Srinivasan

  1. By: Stennek, Johan
    Abstract: Sports organizations, Hollywood studios and TV channels grant satellite and cable networks exclusive rights to televise their matches, movies and media contents. Exclusive distribution prevents viewers from watching attractive programs, and reduces the TV-distributors incentives to compete in prices. This paper demonstrates that exclusive distribution may also give providers of contents incentives to invest in higher quality and, as a result, force competitors to reduce their prices. Exclusive distribution may benefit all viewers, including those who are excluded.
    Keywords: advertising; bargaining; exclusive contracts; investment; quality; two-sided market
    JEL: C78 D43 K21 L42
    Date: 2007–01
  2. By: Lawrence White
    Date: 2006
  3. By: Barbara G. Katz; Joel Owen
    Date: 2006
  4. By: Ingo Walter; Anthony Saunders; Anand Srinivasan
    Date: 2006

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