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Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands

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Author Info
van Kranenburg, Hans L. (Maastricht University, Department of Management Sciences)
Palm, Franz C. (Maastricht University, Department of Quantitative Economics)
Pfann, Gerard A. () (IZA Bonn, BIRC, Maastricht University, and CEPR)

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Abstract

This paper studies the effects of aggregate, industry-, and firm-specific factors on the exit hazard rates in the market for daily newspapers in The Netherlands from 1950 to 1996. We present a brief overview of the exit literature. On the basis of the existing empirical evidence, we decided to specify and estimate exponential and piecewise constant hazard rate models. We find that exit hazards of daily newspapers depend on the circulation size, ownership, and number of incumbents. Moreover, the effects are time-dependent. We do not find any significant effect of macroeconomic factors.

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Publisher Info
Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 565.

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Length: 35 pages
Date of creation: Sep 2002
Date of revision:
Handle: RePEc:iza:izadps:dp565

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Related research
Keywords: scale economies; survival chances; concentrating industry; newspapers;

Find related papers by JEL classification:
C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

References listed on IDEAS
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