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

  • van Kranenburg, Hans


    (Maastricht University)

  • Palm, Franz C.


    (Maastricht University)

  • Pfann, Gerard A.


    (Maastricht University)

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

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Length: 36 pages
Date of creation: Sep 2002
Date of revision:
Publication status: published as 'Exit and Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands' in: Review of Industrial Organization, 2002, 21 (3), 283-303
Handle: RePEc:iza:izadps:dp565
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  1. Baden-Fuller, Charles W F, 1989. "Exit from Declining Industries and the Case of Steel Castings," Economic Journal, Royal Economic Society, vol. 99(398), pages 949-61, December.
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