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A nonlinear product differentiation model à la Cournot: a new look to the newspapers industry

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorEsteban-Bravo, Mercedes
dc.contributor.authorVidal-Sanz, Jose M.
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned2013-07-22T17:09:12Z
dc.date.available2013-07-22T17:09:12Z
dc.date.issued2013-07
dc.description.abstractIn this work, we develop a new model for competition in markets with differentiated products. In addition, we present a consumer model designed to produce a flexible nonlinear inverse demand system that resembles the classical Multinomial Logit model, and discuss several extensions. We characterize firms competition in quantities based on the inverse demand system. The model is applied to the Spanish newspaper industry. This is a highly competitive two-sided market whose revenues are generated from sales and to a larger extent from advertising driven by its circulation. We then characterize the Perfect Equilibrium by conditional moment conditions, and estimate the parameters using the Generalized Method of Moments
dc.description.sponsorshipResearch funded by two research projects, S-0505/TIC-0230 by the Comunidad de Madrid and ECO20011-30198 by MICINN agency of Spanish Government
dc.format.mimetypeapplication/pdf
dc.identifier.repecwb132002
dc.identifier.urihttps://hdl.handle.net/10016/17362
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Business Economics
dc.relation.ispartofseries13-02
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.otherNewspapers
dc.subject.otherDifferentiated products
dc.subject.otherDynamic equilibrium
dc.subject.otherGeneralized method of moments
dc.subject.otherAdvertising expenditure
dc.subject.otherTime series
dc.subject.otherPersistence
dc.subject.otherCointegration
dc.subject.otherStructural changes
dc.titleA nonlinear product differentiation model à la Cournot: a new look to the newspapers industry
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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