Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands

35 Pages Posted: 1 Oct 2002

See all articles by Hans van Kranenburg

Hans van Kranenburg

Radboud University Nijmegen - Nijmegen School of Management

Franz C. Palm

University of Maastricht - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Gerard A. Pfann

Maastricht University; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)

Date Written: September 2002

Abstract

This paper studies the effects of aggregate, industry-, and firm-specific factors on the exit hazard rates in the market for daily newspapers in The Netherlands from 1950 to 1996. We present a brief overview of the exit literature. On the basis of the existing empirical evidence, we decided to specify and estimate exponential and piecewise constant hazard rate models. We find that exit hazards of daily newspapers depend on the circulation size, ownership, and number of incumbents. Moreover, the effects are time-dependent. We do not find any significant effect of macroeconomic factors.

Keywords: Scale Economies, Survival Chances, Concentrating Industry, Newspapers

JEL Classification: C41, D21, L13, L16, L82

Suggested Citation

van Kranenburg, Hans and Palm, Franz C. and Pfann, Gerard Antonie, Survival in a Concentrating Industry: The Case of Daily Newspapers in the Netherlands (September 2002). Available at SSRN: https://ssrn.com/abstract=331080

Hans Van Kranenburg

Radboud University Nijmegen - Nijmegen School of Management ( email )

Thomas van Aquinostraat 3
P.O. Box 9108
Nijmegen, 6500HK
Netherlands

Franz C. Palm

University of Maastricht - Department of Economics ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands
+31-(0)43-3883833 (Phone)
+31-(0)43-3258535 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.cesifo.de

Gerard Antonie Pfann (Contact Author)

Maastricht University ( email )

P.O. Box 616
Maastricht, 6200 MD
Netherlands
+31-43-388 3832 (Phone)
+31-43-388 4856 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Institute for the Study of Labor (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

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