| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11173 |
| DP11173 Ownership Concentration and Strategic Supply Reduction | |
| Ulrich Doraszelski; Michael Sinkinson; Peichun Wang | |
| 发表日期 | 2016-03-17 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | We explore the implications of ownership concentration for the recently-concluded incentive auction that re-purposed spectrum from broadcast TV to mobile broadband usage in the U.S. We document significant multi-license ownership of TV stations. We show that in the reverse auction, in which TV stations bid to relinquish their licenses, multi-license owners have an incentive to withhold some TV stations to drive up prices for their remaining TV stations. Using a large-scale valuation exercise, we find that this strategic supply reduction conservatively increases payouts to TV stations by between 7.0% and 20.7%. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp11173-0 |
| 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/539990 |
| 推荐引用方式 GB/T 7714 | Ulrich Doraszelski,Michael Sinkinson,Peichun Wang. DP11173 Ownership Concentration and Strategic Supply Reduction. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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