A welfare analysis of local franchise and other types of regulation: Evidence from the cable TV industry

    Authors

    Y. Otsuka

    Comments

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    Abbreviated Journal Title

    J. Regul. Econ.

    Keywords

    TELEVISION; DEREGULATION; MONOPOLY; MARKETS; DEMAND; Economics

    Abstract

    By examining both price and the level of quality, this paper empirically determines the welfare implications of local franchise and other types of regulation that existed in the cable TV industry prior to federal deregulation (1987). Contrary to the popular belief that price regulation was effective but also lowered the quality of service, I find that prices were lower and the levels of service (measured by the number of imported distant channels and cable networks) were higher than the monopolistic ones. The paper also reveals some significant differences in the welfare improvements under the alternative regulatory regimes.

    Journal Title

    Journal of Regulatory Economics

    Volume

    11

    Issue/Number

    2

    Publication Date

    1-1-1997

    Document Type

    Article

    Language

    English

    First Page

    157

    Last Page

    180

    WOS Identifier

    WOS:A1997WJ06200003

    ISSN

    0922-680X

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