Efficiency Gain from Ownership Deregulation: Estimates for the Radio Industry.
Reducing …fixed cost duplication - a common justi…cation for concentrated market structure - motivated the US government to relax the number of radio stations a …firm could operate in any local market. After deregulation the number of fi…rms per market decreased. The implied cost saving depends on t...
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| Format: | Working paper |
| Sprache: | English |
| Veröffentlicht: |
Department of Economics (University of Oxford)
2008
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