relation: https://publications.ut-capitole.fr/id/eprint/22459/ title: Characterization of the relevant market in the media industry: some new evidence! creator: Bardey, David creator: Tovar, Jorge creator: Santos, Nicolas subject: B- ECONOMIE ET FINANCE description: In this paper we estimate the degree of substitutability for advertisers across different media outlets. The estimates are motivated by the need that competition agencies have to properly characterize the relevant market when dealing with mergers in the media industry. As technology changes the industry, advertisers may not view a given media outlet as independent from those operating in other media platforms. Indeed, our results show that advertisers see outlets across platforms, either as substitutes or complements. From a policy perspective, our findings imply that competition agencies, particularly when defining relevant markets, should not assume that advertisers operate independently within a single media platform. publisher: TSE Working Paper date: 2016-10 type: Monograph type: NonPeerReviewed format: text language: fr identifier: https://publications.ut-capitole.fr/id/eprint/22459/1/Bardey_22459.pdf identifier: Bardey, David , Tovar, Jorge and Santos, Nicolas (2016) Characterization of the relevant market in the media industry: some new evidence! TSE Working Paper, n. 16-719 relation: http://tse-fr.eu/pub/31125 language: en