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The impact of the 1992 Cable Act on household demand and welfare


Crawford, Gregory S (2000). The impact of the 1992 Cable Act on household demand and welfare. RAND Journal of Economics, 31(3):422-449.

Abstract

I measure the benefit to households of the 1992 Cable Act in light of strategic responses by cable systems to the regulations mandated by the act. A discrete-choice differentiated-product model of household demand for all offered cable television services forms the basis of the analysis. Aggregation over households and service combinations to the level of the data permits estimation on a cross-section of cable markets from before and after the act. The results indicate that while the regulations mandated price reductions of 10–17% for cable services, observed system responses yielded no change in household welfare. Post-act changes in cable prices are responsible for most of the difference.

Abstract

I measure the benefit to households of the 1992 Cable Act in light of strategic responses by cable systems to the regulations mandated by the act. A discrete-choice differentiated-product model of household demand for all offered cable television services forms the basis of the analysis. Aggregation over households and service combinations to the level of the data permits estimation on a cross-section of cable markets from before and after the act. The results indicate that while the regulations mandated price reductions of 10–17% for cable services, observed system responses yielded no change in household welfare. Post-act changes in cable prices are responsible for most of the difference.

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Economics
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Economics and Econometrics
Uncontrolled Keywords:Cable television, multipoint distribution service, subscription television, broadband communication systems, cable television laws, satellite master antenna television, cable television networks, television relay systems, households
Language:English
Date:2000
Deposited On:25 Sep 2019 12:38
Last Modified:31 Jul 2020 03:40
Publisher:Wiley Open Access
ISSN:0741-6261
OA Status:Closed
Publisher DOI:https://doi.org/10.2307/2600995
Related URLs:https://www.econ.uzh.ch/en/people/faculty/crawford/research.html (Author)

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