Replication data for: Quality Overprovision in Cable Television Markets
Principal Investigator(s): View help for Principal Investigator(s) Gregory S. Crawford; Oleksandr Shcherbakov; Matthew Shum
Version: View help for Version V1
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Project Citation:
Crawford, Gregory S., Shcherbakov, Oleksandr, and Shum, Matthew. Replication data for: Quality Overprovision in Cable Television Markets. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113088V1
Project Description
Summary:
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We measure the welfare distortions from endogenous quality choice in imperfectly competitive markets. For US cable television markets between 1997–2006, prices are 33 percent to 74 percent higher and qualities 23 percent to 55 percent higher than socially optimal. Such quality overprovision contradicts classic results in the literature and our analysis shows that it results from the presence of competition from high-end satellite TV providers: without the competitive pressure from satellite companies, cable TV monopolists would instead engage in quality degradation. For welfare, quality overprovision implies cable customers would prefer smaller, lower-quality cable bundles at a lower price, amounting to a twofold increase in consumer surplus for the average consumer.
Scope of Project
JEL Classification:
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L13 Oligopoly and Other Imperfect Markets
L15 Information and Product Quality; Standardization and Compatibility
L82 Entertainment; Media
L13 Oligopoly and Other Imperfect Markets
L15 Information and Product Quality; Standardization and Compatibility
L82 Entertainment; Media
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