| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23034 |
| 来源ID | Working Paper 23034 |
| Ownership Concentration and Strategic Supply Reduction | |
| Ulrich Doraszelski; Katja Seim; Michael Sinkinson; Peichun Wang | |
| 发表日期 | 2017-01-16 |
| 出版年 | 2017 |
| 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 ; Market Structure and Firm Performance |
| URL | https://www.nber.org/papers/w23034 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580708 |
| 推荐引用方式 GB/T 7714 | Ulrich Doraszelski,Katja Seim,Michael Sinkinson,et al. Ownership Concentration and Strategic Supply Reduction. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23034.pdf（3304KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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