Dewenter, Ralf; Haucap, Justus; Wenzel, Tobias - 2010
This paper explores the effects that collusion can have in newspaper markets where firms compete for advertising as … newspaper circulation is higher. In addition, total welfare may rise due to semi-collusion. Results under full collusion are … ambiguous. However, even under full collusion newspaper copy prices may decrease and welfare may increase. -- Media Markets …