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Question: Television game shows producers can compete with each other by locating their programs along the preferences line of the audience. Assume that the audience's
Question: Television game shows producers can compete with each other by locating their programs along the preferences line of the audience. Assume that the audience's preference has two dimensions: content and broadcast timing.
- Use the Hotelling model to explain why game shows tend to have similar contents and broadcast in similar hours.
Hint: You have to provide the basic settings of this game and find the Nash equilibrium of this game.
- Collect data about game shows contents and broadcast timingin a country. Does the collected data support the theoretical results?
- Can that equilibrium be stable from time to time? Does the data support that stability?
*Data collected can be from any country of the experts' preference.*
Detailed explanations are expected.
Appreciate the experts' support.
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