File Download
There are no files associated with this item.
Links for fulltext
(May Require Subscription)
- Publisher Website: 10.1257/aer.20162018
- Scopus: eid_2-s2.0-86000623596
- WOS: WOS:001468789300005
- Find via
Supplementary
- Citations:
- Appears in Collections:
Article: Ownership Concentration and Strategic Supply Reduction
| Title | Ownership Concentration and Strategic Supply Reduction |
|---|---|
| Authors | |
| Issue Date | 2025 |
| Citation | American Economic Review, 2025, v. 115, n. 3, p. 903-944 How to Cite? |
| Abstract | We explore the implications of ownership concentration for the recently concluded incentive auction that repurposed spectrum from broadcast TV to mobile broadband usage in the United States. We document significant multilicense ownership of TV stations. We show that in the reverse auction, in which TV stations bid to relinquish their licenses, multilicense owners have an incentive to withhold some TV stations to drive up prices for their remaining TV stations. Using a large-scale valuation and simulation exercise, we find that this strategic supply reduction increases payouts to TV stations by between 13.5 percent and 42.4 percent. (D44, D47, H82, L13, L82, L88) |
| Persistent Identifier | http://hdl.handle.net/10722/358013 |
| ISSN | 2023 Impact Factor: 10.5 2023 SCImago Journal Rankings: 22.344 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Doraszelski, Ulrich | - |
| dc.contributor.author | Seim, Katja | - |
| dc.contributor.author | Sinkinson, Michael | - |
| dc.contributor.author | Wang, Peichun | - |
| dc.date.accessioned | 2025-07-23T03:00:36Z | - |
| dc.date.available | 2025-07-23T03:00:36Z | - |
| dc.date.issued | 2025 | - |
| dc.identifier.citation | American Economic Review, 2025, v. 115, n. 3, p. 903-944 | - |
| dc.identifier.issn | 0002-8282 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/358013 | - |
| dc.description.abstract | We explore the implications of ownership concentration for the recently concluded incentive auction that repurposed spectrum from broadcast TV to mobile broadband usage in the United States. We document significant multilicense ownership of TV stations. We show that in the reverse auction, in which TV stations bid to relinquish their licenses, multilicense owners have an incentive to withhold some TV stations to drive up prices for their remaining TV stations. Using a large-scale valuation and simulation exercise, we find that this strategic supply reduction increases payouts to TV stations by between 13.5 percent and 42.4 percent. (D44, D47, H82, L13, L82, L88) | - |
| dc.language | eng | - |
| dc.relation.ispartof | American Economic Review | - |
| dc.title | Ownership Concentration and Strategic Supply Reduction | - |
| dc.type | Article | - |
| dc.description.nature | link_to_subscribed_fulltext | - |
| dc.identifier.doi | 10.1257/aer.20162018 | - |
| dc.identifier.scopus | eid_2-s2.0-86000623596 | - |
| dc.identifier.volume | 115 | - |
| dc.identifier.issue | 3 | - |
| dc.identifier.spage | 903 | - |
| dc.identifier.epage | 944 | - |
| dc.identifier.eissn | 1944-7981 | - |
| dc.identifier.isi | WOS:001468789300005 | - |