Optimal Product Variety in Radio Markets


A vast theoretical literature shows that inefficient market structures may arise in free entry equilibria. The inefficiency may manifest itself in the number, variety, or quality of offered products. Previous empirical work demonstrated that excessive entry may obtain in local radio markets. Our paper extends that literature by relaxing the assumption that… (More)
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Citations per Year

Citation Velocity: 12

Averaging 12 citations per year over the last 2 years.

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