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Esfahani, Nikrooz Nasr and Jeon, Doh-Shin
(2016)
News Aggregators and Competition Among Newspapers on the Internet.
American Economic Journal: Microeconomics, vol. 8 (n° 4).
pp. 91-114.
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Abstract
This paper studies how news aggregators affect the quality choices of newspapers competing on the Internet. To provide a micro-foundation for the role of the aggregator, we build a model of multiple issues where newspapers choose their quality on each issue. Our model captures well the main trade-off between the "business-stealing" effect and the "readership-expansion" effect. We find that the aggregator increases the quality only if the readership-expansion effect is large enough relative to the business-stealing effect. Using a condition obtained from empirical results, we find that the aggregator increases the quality and social welfare, but affects newspapers' profits ambiguously.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | October 2016 |
| Refereed: | Yes |
| JEL Classification: | D21 - Firm Behavior D43 - Oligopoly and Other Forms of Market Imperfection L13 - Oligopoly and Other Imperfect Markets L82 - Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.) |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 18 Apr 2016 14:48 |
| Last Modified: | 29 Jun 2021 08:16 |
| OAI Identifier: | oai:tse-fr.eu:29920 |
| URI: | https://publications.ut-capitole.fr/id/eprint/18733 |
Available Versions of this Item
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News Aggregators and Competition Among Newspapers on the Internet. (deposited 09 Jul 2014 17:34)
- News Aggregators and Competition Among Newspapers on the Internet. (deposited 18 Apr 2016 14:48) [Currently Displayed]
