Kaiser, Ulrich - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2002
for advertising space. This paper develops a realistic, yet simple, model of print media industries. In contrast to … earlier studies, it takes into account that print media firms can neither set advertising space nor its price. A main finding … overstated since a print media firms? cover pricing is limited by its feedback on advertising demand. …