This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

American Economic Review: Vol. 103 No. 5 (August 2013)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

AER - All Issues

AER Forthcoming Articles

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

Article Citation

Fan, Ying. 2013. "Ownership Consolidation and Product Characteristics: A Study of the US Daily Newspaper Market." American Economic Review, 103(5): 1598-1628.

DOI: 10.1257/aer.103.5.1598

Abstract

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.

Article Full-Text Access

Full-text Article

Additional Materials

Download Data Set (49.87 KB) | Online Appendix (308.82 KB) | Author Disclosure Statement(s) (43.51 KB)

Authors

Fan, Ying (U MI)

JEL Classifications

G32: Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
L13: Oligopoly and Other Imperfect Markets
L82: Entertainment; Media
M37: Advertising


American Economic Review


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AER - All Issues

AER - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us