| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5151 |
| DP5151 Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets | |
| Steven Ongena; Mariassunta Giannetti | |
| 发表日期 | 2005-07-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This paper first discusses how the market is delineated in some recent antitrust cases in the printed media industry. It evaluates the extent to which the main features of the industry are incorporated into the analysis and affect market definition. In addition we argue that an econometric analysis that does not incorporate these features can lead to biased estimates of elasticities. As demand substitution is a crucial element for defining market, bad estimates of elasticities could blur the boundaries of relevant markets. Second we propose a simple model that encompasses these features and in particular the two-sidedness of the market. Thirdly, we review some empirical papers that analyse the issue of demand estimation in printed media. Finally, we perform a statistical estimation on a dataset of magazines in order to provide a measure of the possible bias that could arise in the estimation of elasticities when one does not use a proper model. |
| 主题 | Industrial Organization |
| 关键词 | Two-sided markets Market definition Printed media |
| URL | https://cepr.org/publications/dp5151 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/534036 |
| 推荐引用方式 GB/T 7714 | Steven Ongena,Mariassunta Giannetti. DP5151 Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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