Title

A Welfare Analysis of Local Franchise and Other Types of Regulation: Evidence from the Cable TV Industry

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.

Publication Date

1-1-1997

Publication Title

Journal of Regulatory Economics

Volume

11

Issue

2

Number of Pages

157-180

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1023/A:1007902215969

Socpus ID

0031540821 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0031540821

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