Concentration and public policies in the broadcasting industry: the future of television

Authors: Motta M.¹; Polo M.²

Source: Economic Policy, Volume 12, Number 25, October 1997 , pp. 293-334(42)

Publisher: Blackwell Publishing

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Abstract:

New technologies are deeply transforming the broadcasting industry. What we have seen so far is only the beginning of a long story. Inevitably, industry regulations must adapt, which means that a wide-ranging rethink of current practices is required. In order to assess the likely evolution of the industry, this article decomposes it into a number of components, from conception of programmes to their broadcasting, including distribution, storage and licensing. Contrary to popular expectations, the analysis suggests that the current high degree of concentration will, if anything, increase. The policy implication is that regulation, so far driven by now obsolete technological constraints, should increasingly emphasize promoting competition.

Language: English

Document Type: Research article

Affiliations: 1: Universitat Pompeu Fabra, Barcelona, and CEPR 2: IGIER, Universita Bocconi, Milan

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