透過您的圖書館登入
IP:3.135.219.78
  • 期刊

Exclusive Content, Developments Cost and Streaming Service Competition

摘要


We consider an over-the-top media service market, which consists of a vertical integrated incumbent and an independent firm. We explore the incentive of vertical integrated incumbent to license its exclusive premium content with two-part tariff licensing for its rival, who may alternatively develop its own premium content for an imperfectly substitutable product. We identify the incentive for licensing based on the development cost incurred by the rival and the quality of premium content is developed. Moreover, we find that the incumbent always has an incentive to license its premium content to its rival. However, it is detrimental to the consumer surplus.

參考文獻


Armstrong, M. (1999). Competition in the pay-TV market. Journal of the Japanese and International Economies, 13(4), 257-280.
Hagiu, A., & Lee, R. S. (2011). Exclusivity and control. Journal of Economics & Management Strategy, 20(3), 679-708.
Milliou, C., & Petrakis, E. (2019). Vertical integration and knowledge disclosure. Economics Letters, 177, 9-13. Ofcom (2007). ‘Pay TV market investigation: Consultation document’, London, 18 December.
Reisinger, M., & Tarantino, E. (2015). Vertical integration, foreclosure, and productive efficiency. The RAND Journal of Economics, 46(3), 461-479.
Schmalensee, R., Armstrong, M., Willig, R. D., Porter, R. H., & Armstrong, M. A. (Eds.). (1989). Handbook of Industrial Organization (Vol. 3). Elsevier.

延伸閱讀