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Media Mergers with Preference Externalities and Their Implications for Content Diversity, Consumer Welfare, and Policy

Author

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  • C. Bush

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  • Paul Zimmerman

    ()

Abstract

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Suggested Citation

  • C. Bush & Paul Zimmerman, 2010. "Media Mergers with Preference Externalities and Their Implications for Content Diversity, Consumer Welfare, and Policy," Journal of Industry, Competition and Trade, Springer, vol. 10(2), pages 105-133, June.
  • Handle: RePEc:kap:jincot:v:10:y:2010:i:2:p:105-133 DOI: 10.1007/s10842-009-0057-2
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    References listed on IDEAS

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    1. Bush, C.A., 1994. "Interdependent Preferences and Status: A Taxonomy of Demand," RCER Working Papers 385, University of Rochester - Center for Economic Research (RCER).
    2. Oberholzer-Gee, Felix & Waldfogel, Joel, 2005. "Strength in Numbers: Group Size and Political Mobilization," Journal of Law and Economics, University of Chicago Press, vol. 48(1), pages 73-91, April.
    3. Dertouzos, James N & Trautman, William B, 1990. "Economic Effects of Media Concentration: Estimates from a Model of the Newspaper Firm," Journal of Industrial Economics, Wiley Blackwell, vol. 39(1), pages 1-14, September.
    4. Steven T. Berry & Joel Waldfogel, 2001. "Do Mergers Increase Product Variety? Evidence from Radio Broadcasting," The Quarterly Journal of Economics, Oxford University Press, vol. 116(3), pages 1009-1025.
    5. Bagwell, Laurie Simon & Bernheim, B Douglas, 1996. "Veblen Effects in a Theory of Conspicuous Consumption," American Economic Review, American Economic Association, pages 349-373.
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    Citations

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    Cited by:

    1. Van der Burg, Miriam & Van den Bulck, Hilde, 2015. "Economic, political and socio-cultural welfare in media merger control: An analysis of the Belgian and Dutch competition authorities’ reviews of media mergers," Information Economics and Policy, Elsevier, vol. 32(C), pages 2-15.
    2. Anderson, Simon P & Waldfogel, Joel, 2015. "Preference Externalities in Media Markets," CEPR Discussion Papers 10835, C.E.P.R. Discussion Papers.
    3. Bush, C. Anthony, 2014. "Bridging the gap between horizontal and vertical merger simulation: Modifications and extensions of PCAID," Economics Discussion Papers 2014-33, Kiel Institute for the World Economy (IfW).

    More about this item

    Keywords

    diversity; media ownership; merger policy; preference externalities; product repositioning; welfare; K21; K23; L41; L82;

    JEL classification:

    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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