Do Mergers Increase Product Variety? Evidence from Radio Broadcasting

By Steven T. Berry, Joel Waldfogel. 2001

371 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Marketing, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c8deaaaa550ccab51356fe892bf5cd5c6e596b56

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Marketing

In Strategy and Management

Citations in the corpus

The Effect of Mergers on Consumer Prices: Evidence from Five Mergers on the Enforcement Margin (2010, background): “A 60 Focarelli and Panetta (2003) and Kaplan (2006) provide empirical evidence on merger efficiencies and Hausman and Leonard (2002) and Berry and Waldfogel (2001) examine the value of new products and changes in product variety.”
Beyond plain vanilla: Modeling joint product assortment and pricing decisions (2008, background): “Berry and Waldfogel (2001) and Berry et al. (2004) provide empirical evidence of instances of product repositioning after consolidation or expansion in an industry.”
Bestseller Lists and Product Variety: The Case of Book Sales (2004, neutral): “Empirical studies of product variety have been undertaken for the radio broadcasting industry (Berry and Waldfogel 2001; Sweeting 2005), the music industry (Alexander 1997), and for retail eyeglass sales (Watson 2003), to name a few examples.”
Acquisitions, markups, efficiency, and product quality: Evidence from India (2018, background): “For instance, they might drop products or add new ones to their portfolio and reposition their existing products to differentiate themselves from their competitors (Argentesi et al., 2016; Bernard et al., 2010; Berry and Waldfogel, 2001; Gandhi et al., 2008).”
Market Size Matters (2003, neutral): “Berry and Waldfogel (2001) provide evidence that incumbent radio broadcasters crowd their products (stations) together to preempt entry and so lessen competition.”
Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis (2010, positive): “Our analysis is related conceptually to the empirical question raised by Berry and Waldfogel (2001), who studied competition in the radio broadcasting market and showed that the number of broadcasting formats increased post merger. Our approach is also related to other recent studies, including thos”
Structural models of complementary choices (2014, background): “On the demand side, after the Telecommunications Act of 1996, mergers increased the number of distinct programming formats in radio markets (Berry and Waldfogel, 2001), while owners acquiring competing stations tended to differentiate them (Sweeting 2010).”