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On hotelling's "Stability in competition"
The purpose of this note is to show that the so-called Principle of Minimum Differentiation, as based on Hotelling’s 1929 paper “Stability in Competition” is invalid. The purpose of this note is to
On the Stability of Collusive Price Leadership
The gains from cartel formation and the stability of a dominant cartel are investigated for the price-leadership model. We show that there is a general interest in the establishment of a cartel with
Price competition, quality and income disparities
Abstract A market is considered, the demand side of which consists of a large number of consumers with identical tastes but different income levels, and the supply side, of two firms selling at no
The Media and Advertising: A Tale of Two-Sided Markets
Media industries are important drivers of popular culture. A large fraction of leisure time is devoted to radio, magazines, newspapers, the Internet, and television (the illustrative example
Press advertising and the ascent of the 'Pensee Unique'
The press industry depends in a crucial way on the possibility of financing an important fraction of its activities by advertising receipts. We show that this induces the editors of newspapers to
On Gale and Shapley "college admissions and the stability of marriage"
In this note, we start to claim that established marriages can be heavily destabilized when the population of existing couples is enriched by the arrival of new candidates to marriage. Afterwards, we
Programming and Advertising Competition in the Broadcasting Industry
We analyze competition between two private television channels that derive their profits from advertising receipts. These profits are shown to be proportional to total population advertising
Chapter 18 The Media and Advertising: A Tale of Two-Sided Markets
Abstract Media industries are important drivers of popular culture. A large fraction of leisure time is devoted to radio, magazines, newspapers, the Internet, and television (the illustrative example
Press advertising and the political differentiation of newspapers
The press industry depends in a crucial way on the possibility of financing an important fraction of its activities by advertising receipts. We show that this may induce the editors of the newspapers
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