منابع مشابه
Media See-saws: Winners and Losers on Media Platforms
We customize the aggregative game approach to oligopoly to study asymmetric media markets. Advertiser, platform, and consumer surplus are tied together by a simple summary statistic. When media are ad-financed and ads are a nuisance to consumers we establish see-saws between consumers and advertisers. Entry of a lower-quality platform increases consumer surplus, but decreases advertiser surplus...
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We show that new managers who take over mutual fund portfolios sell off inherited momentum losers at higher rates than stocks in any other momentum decile, even after adjusting for concurrent trades in these stocks by continuing fund managers. This behavior is observed regardless of fund characteristics and is stronger when new managers are external hires. The tendency of continuing fund manage...
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Social scientists have long theorized about &dquo;mass society&dquo; and &dquo;mass culture&dquo; and, generally, are appalled by the frightening images brought to mind by these concepts. A wide-ranging debate over their validity, a concern about the &dquo;functions&dquo; of the mass media in modern society, and their &dquo;effects&dquo; on the general public have been major subjects of mass co...
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ژورنال
عنوان ژورنال: Kultura
سال: 2013
ISSN: 0023-5164
DOI: 10.5937/kultura1338357a