The newspaper industry is a two-sided market: the readers market and the advertising market are closely linked by inter-market network externalities. We estimate market power in the Italian newspaper industry by building a structural model which encompasses a demand estimation for differentiated...

Downloading digital products for free may harm creators and intermediaries because consumers may no longer buy the version for sale. However, as we show in this paper, this negative effect may be overcompensated by a positive effect due to sampling: consumers are willing to pay more because the...

Although local newspapers are a major source of information on local political news and facilitate democracy at the local level, they have declined in circulation due to severe competition with other news outlets. Merger of local newspapers may help their operation and survival in the market. In...

When a concert or sporting event sells out, the performer appears popular and the venue enjoys the opportunity to maximize profits from the sale of parking, merchandise, food, and beverages. For these and other reasons, event sponsors often underprice tickets. This underpricing creates...

This paper empirically examines how local music venues are affected by exclusive contracts used by four of the United States' most prominent music festivals. By utilizing a unique industry and multi-year dataset, as well as variation in the use of exclusive dealing across the country determined...

Open access (OA) publishing upends the traditional business model in scientific publishing by requiring authors instead of readers to pay for the publishing-related costs. In this paper, we aim to elicit the willingness to pay (WTP) of authors for open access publishing. We conduct two separate...

We analyse optimal pricing and quality of a monopolistic journal and the optimality of open access in a two-sided model. The predominant aspect of the model that determines the quality levels at which open access is optimal is the nature of the (non-linear) externalities between readers and...

The television industry in Europe is in the midst of significant change, with increasing challenges in consumer demands and digitalization. Soon television will cater to diverse consumer needs for information, communication and entertainment through specialized, niche content via multichannel...

This paper analyzes whether publicly traded firms price differently from privately held firms in the product markets. Our empirical evidence shows that, in the US newspaper industry, firms increase (decrease) their prices when their ownership structure changes from private to public (from public...

The current dispute between the NFL Network and cable operators over carriage arrangements is a sign the market is working rather than failing. Proposed state legislation mandating arbitration for these disputes negates the programming distributor's ability to negotiate price, terms and...