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logit JEL Classifications: D10, M30, L82

Wilbur 2008 Shishikura et al. 2018 and de Gracia 2012 Bayraktaroglu et al. 2018 Carare and Zentner 2012 Carare and Zentner 2012

Train et al. 1987 Hendel 1999 Spence and Owen 1977 TV

Chan 2006 Rubin 1983 Rubin and Perse 1987 Jaffres 1978 Sparkes 1983 Rust and Alpert 1984 Rust et al. 1992

Brynjolfsson and Milgrom 2013 supermodularity Gentzkow 2007 Gentzkow 2007 Gentzkow 2007 Spence and Owen 1977 TV Gentzkow 2007 Gentzkow 2007

Kind et al. 2007, 2009 Cournot 1897

Schmidt and Strauss 1975

Gentzkow 2007 and

Q. E. D.

Schmidt and Strauss 1975 NHK NTV, TBS, CX, ASAHI TX NHK NTV NHK NHK

NHK NTV,, NHK NTV TBS CX ASAHI TX NHK NHK NHK NHK

, NHK NTV NHK NTV

NHK NTV NHK NTV NHK NTV NHK NTV European Association for Research in Industrial Organization 2007 at Valencia European Media Management Association 2017 at Ghent

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