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From assumption B p is a strictly concave function with p1 p0q 1 and p1 p1q 1. Let define also Cpac ae q 1 mintdae 1uV Fpp1 gpac ae qq lq Hpx ac ae q 1 V X pxq w1 Ppac ae q 1 G Cpac ae q w2 Fpp1 gpac ae qq lq if Xpw1 w2 Fpp1 gpac ae qq lq Ppac ae qq x Xpw1 q 1 V FpX 1 pxqq p1 mintdae 1uqV FpX 1 pxqq if Xpw1 q x Xpp1 gpac ae qq lq if Xpp1 gpac ae qq lq x Xpw1 q. From gapr1 qq dqq. Thus mpr2 Xpp1 gapr1 qq dq Xpp1 gapr2 qq dqq Hence mpr1 8 Xpp1 gapr2 qq dqq References Anderson S. Coate S....
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Political economics of broadcast refers to the study of how political factors affect the media industry, including broadcasting.
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