Market definition in printed media industries: theory, practice and lessons for broadcasting

Argentesi, Elena; Ivaldi, Marc

doi:10.1017/cbo9780511611124.007

Cited by 14 publications

(13 citation statements)

References 7 publications

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“…Evans & Schmalensee () and Argentesi & Ivaldi () point out that failure to account for network externalities in two‐sided platforms can lead to serious errors in antitrust analysis. Correct specification of these network effects is important for the same reason.…”

Section: A Semiparametric Model and Estimationmentioning

confidence: 99%

A Semi‐Parametric Analysis of Two‐Sided Markets: An Application to the Local Daily Newspapers in the USA

Sokullu

2015

J of Applied Econometrics

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This paper considers an empirical semiparametric model for two-sided markets. Contrary to existing empirical literature on two-sided markets, we specify network effects and probability distribution functions of net benefits of the two sides nonparametrically. We then estimate the model by nonparametric IV regression for local daily newspapers from the US. We show that semiparametric specification is supported by the data and the network effects are neither linear nor monotonic. With a numerical illustration we demonstrate that the mark-up of the newspaper on each side changes drastically with the nonlinearly specified network effects from the case with linear network effects.

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Section: A Semiparametric Model and Estimationmentioning

confidence: 99%

A Semi‐Parametric Analysis of Two‐Sided Markets: An Application to the Local Daily Newspapers in the USA

Sokullu

2015

J of Applied Econometrics

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“…This seems, however, as shown by the Swiss Competition Commission, to be rarely the case in Switzerland. Even on a national level competitive problems seem to arise (Argentesi & Filistrucchi, 2007;Argentesi & Ivaldi, 2005). The problem of market power of local newspapers is -at least in rural areas -in Switzerland also widely recognized.…”

Section: Different Types Of Press Products and Local Potential Coveragementioning

confidence: 99%

Entry, Investment and Competition In Telecommunications and Media Markets

Balmer¹

2013

SSRN Journal

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“…Argentesi and Ivaldi (2007) in the printed media or Ivaldi and Lörincz (2011) to the computer servers industry are some examples. However, for the gasoline market we only find papers that analyze the geographic relevant market on the wholesale segment.…”

Section: Introductionmentioning

confidence: 99%

Driving Competition in Local Gasoline Markets

Perdiguero

Borrell

2012

SSRN Journal

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Relevant market definition is still a key element of economic analysis of competition in the gasoline market. It is particularly difficult to handle when competition is local and market power is geographically constrained like is the case in the gasoline market. We analyse how the application of the hypothetical monopolist or Small but Significant Non-Transitory Increase in Prices (SSNIP) test performs for defining isochrones using only information on prices and distance among competitors. We conclude that geographic information systems can be very successfully used to define more precisely relevant geographic market in the gasoline retailing. The application to the Spanish gasoline market concludes that geographic relevant market is composed by 5-6 minutes of travel time. Localised market power should be taken into account when analysing the adverse effects of mergers and entry regulations in gasoline retailing. Only drawing small enough isochrones will drive competition in local markets because it is just close rivals that compete effectively with each other. We thank the comments and suggestions from the members of the TCDC. We thank the excellent research assistance in the use of geographic information systems by Adrià Botey. Keywords

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Market definition in printed media industries: theory, practice and lessons for broadcasting

Cited by 14 publications

References 7 publications

A Semi‐Parametric Analysis of Two‐Sided Markets: An Application to the Local Daily Newspapers in the USA

A Semi‐Parametric Analysis of Two‐Sided Markets: An Application to the Local Daily Newspapers in the USA

Entry, Investment and Competition In Telecommunications and Media Markets

Driving Competition in Local Gasoline Markets

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