Ownership Consolidation and Product Characteristics: A Study of the US Daily Newspaper Market

被引：151

作者：

Fan, Ying ^{[1
]}

机构：

[1] Univ Michigan, Dept Econ, Ann Arbor, MI 48109 USA

来源：

AMERICAN ECONOMIC REVIEW | 2013年 / 103卷 / 05期

关键词：

DISCRETE CHOICE MODELS; DIFFERENTIATED PRODUCTS; MERGERS; COMPETITION; VARIETY; INDUSTRIES; PRICES; ENTRY; POWER;

D O I：

10.1257/aer.103.5.1598

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper develops a structural model of newspaper markets to analyze the effects of ownership consolidation, taking into account not only firms' price adjustments but also the adjustments in newspaper characteristics. A new dataset on newspaper prices and characteristics is used to estimate the model. The paper then simulates the effect of a merger in the Minneapolis newspaper market and studies how welfare effects of mergers vary with market characteristics. It finds that ignoring adjustments of product characteristics causes substantial differences in estimated effects of mergers. (JEL G32, L13, L82, M37)

引用

页码：1598 / 1628

页数：31

共 39 条

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Schulhofer-Wohl Sam, 2012, 474 FED RES BANK MIN

[32] An empirical model of firm entry with endogenous product-type choices [J].