The economic advantage of being the voice of the majority CORE
نویسنده
چکیده
In this paper, we analyze the static interaction in prices between two newspapers that compete with each other in the circulation and in the advertising markets. We exploit the two-sided nature of the newspaper industry to analyze a demand-side e¤ect that generates an endogenous mechanism of concentration in the press industry: the circulation spiral e¤ect. I would like to thank Prof. Gabszewicz for his helpful and motivating comments
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