RT Generic
T1 A nonlinear product differentiation model à la Cournot: a new look to the newspapers industry
A1 Esteban-Bravo, Mercedes
A1 Vidal-Sanz, Jose M.
A2 Universidad Carlos III de Madrid. Departamento de Economía de la Empresa, 
AB In this work, we develop a new model for competition in markets with differentiated products. Inaddition, we present a consumer model designed to produce a flexible nonlinear inverse demandsystem that resembles the classical Multinomial Logit model, and discuss several extensions. Wecharacterize firms competition in quantities based on the inverse demand system. The model isapplied to the Spanish newspaper industry. This is a highly competitive two-sided market whoserevenues 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 theparameters using the Generalized Method of Moments
YR 2013
FD 2013-07
LK https://hdl.handle.net/10016/17362
UL https://hdl.handle.net/10016/17362
LA eng
NO Research funded by two research projects, S-0505/TIC-0230 by the Comunidad de Madrid and ECO20011-30198 by MICINN agency of Spanish Government
DS e-Archivo
RD 17 jul. 2024