讲座：Effects of Demand Shocks in Two-sided Media Markets Under Imperfect Competition
题 目：Effects of Demand Shocks in Two-sided Media Markets Under Imperfect Competition
演讲人：Shi, Ce (Matthew), Assistant Professor of Economics, The Chinese University of Hong Kong
主持人： 赵锂 博士 上海交通大学安泰经济与管理学院经济系
时 间：2017年11月15日（周三 ）14:30-16:00
地 点：上海交通大学 徐汇校区新上院S204室
Analysis of economics effects of demand-side shocks and tax incidence is often convoluted in two-sided markets, where demand systems are intricate due to the presence of cross-group network externalities. Based on standard two-side market theory, we deliver in this paper the first complete characterization of the effects of demand shocks on market outcomes, welfare, and the business model of platforms in media markets under monopoly and imperfect competition. Using a comprehensive data-set on eight major genres of U.S. consumer magazines for a decade, we present a series of stylized facts and empirical results that are largely consistent with our theoretical findings.
Dr. Shi, Ce (Matthew) is an Assistant Professor in the Department of Economics at the Chinese University of Hong Kong. He got his PhD at the University of Virginia in 2016. He conducts empirical research on consumer choice and firm behavior in different markets, using new data and structural econometric models. His research interests include Empirical Industrial Organization, Industrial Organization Theory, Applied Microeconomics, and Media Economics.