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

Author

Listed:
  • van Kranenburg, Hans

    () (Maastricht University)

  • Palm, Franz C.

    () (Maastricht University)

  • Pfann, Gerard A.

    () (Maastricht University)

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.

Suggested Citation

  • van Kranenburg, Hans & Palm, Franz C. & Pfann, Gerard A., 2002. "Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands," IZA Discussion Papers 565, Institute for the Study of Labor (IZA).
  • Handle: RePEc:iza:izadps:dp565
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:iepoli:v:39:y:2017:i:c:p:84-93 is not listed on IDEAS
    2. Stefan BUEHLER & Christian KAISER & Franz JAEGER, "undated". "On the Geographic and Cultural Determinants of Bankruptcy," Regional and Urban Modeling 284100011, EcoMod.

    More about this item

    Keywords

    newspapers; scale economies; survival chances; concentrating industry;

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • 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

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