A nonlinear product differentiation model à la Cournot: a new look to the newspapers industry

摘要: In this work, we develop a new model for competition in markets with differentiated products. addition, present consumer designed to produce flexible nonlinear inverse demand system that resembles the classical Multinomial Logit model, and discuss several extensions. We characterize firms quantities based on system. The is applied Spanish newspaper industry. This highly competitive two-sided market whose revenues are generated from sales larger extent advertising driven by its circulation. then Perfect Equilibrium conditional moment conditions, estimate parameters using Generalized Method of Moments