Our results seem to provide substantial evidence that joint operating agreement's (JOA) act as constrained rather than unconstrained monopolists in setting ad rates and circulation levels. The constraint of having to produce two dailies binds tightly enough to yield JOA CPM's that are much closer to those of competing papers than those of a single-paper monopolist.
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Paper provided by U.S. Department of Justice - Antitrust Division in its series Papers with number
00-10.
Length: 22 pages Date of creation: 2000 Date of revision: Handle: RePEc:fth:usjuat:00-10
Contact details of provider: Postal: U.S. DEPARTMENT OF JUSTICE; ANTITRUST DIVISION, JUDICIARY CENTER BUILDING 555 4TH ST. N.W. WASHINGTON D.C. 20001 U.S.A.. Email: Web page: http://www.justice.gov/atr/ More information through EDIRC
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