Data and Code for: Ownership Concentration and Strategic Supply Reduction

Principal Investigator(s):  View help for Principal Investigator(s) Ulrich Doraszelski, University of Pennsylvania; Katja Seim, Yale University; Michael Sinkinson, Northwestern University; Peichun Wang, Unity Operate

Version:  View help for Version V1

Name File Type Size Last Modified
  replication_package 12/02/2024 06:34:PM
Codebooks_BIA_NAB.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 573 KB 12/12/2024 02:40:PM
LICENSE.txt text/plain 15.3 KB 07/20/2024 06:13:AM
ReadMe.pdf application/pdf 449 KB 12/12/2024 02:43:PM

Project Citation: 

Doraszelski, Ulrich, Seim, Katja, Sinkinson, Michael, and Wang, Peichun. Data and Code for: Ownership Concentration and Strategic Supply Reduction. Nashville, TN: American Economic Association [publisher], 2025. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-01-27. https://doi.org/10.3886/E208043V1

Project Description

Summary:  View help for Summary This repository contains code to accompany the article "Ownership Concentration and Strategic Supply Reduction". 

Article summary:
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 and simulation exercise, we find that this strategic supply reduction increases payouts to TV stations by between 13.5% and 42.4%.

Scope of Project

Subject Terms:  View help for Subject Terms Incentive auction; Strategic Supply Reduction; FCC
JEL Classification:  View help for JEL Classification
      L10 Market Structure, Firm Strategy, and Market Performance: General
      L51 Economics of Regulation
      L96 Telecommunications
      L98 Industry Studies: Utilities and Transportation: Government Policy
Data Type(s):  View help for Data Type(s) program source code


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V1 [2025-01-27]

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