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Journal Article
The language of local : Community papers survive by sweating the small stuff
Related links : https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/winter/feature1_weblinks.cfm
Journal Article
Help wanted : business model for hard news
Related links : https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/winter/feature1_weblinks.cfm
Report
Do newspapers matter? Short-run and long-run evidence from the closure of The Cincinnati Post
The Cincinnati Post published its last edition on New Year?s Eve 2007, leaving the Cincinnati Enquirer as the only daily newspaper in the market. The next year, fewer candidates ran for municipal office in the Kentucky suburbs most reliant on the Post, incumbents became more likely to win re-election, and voter turnout and campaign spending fell. These changes happened even though the Enquirer at least temporarily increased its coverage of the Post?s former strongholds. Voter turnout remained depressed through 2010, nearly three years after the Post closed, but the other effects diminished ...
Working Paper
Convenient prices, currency, and nominal rigidity : theory with evidence from newspaper prices
Newspapers, movie tickets, and concession stand items typically charge prices that facilitate rapid, simple transactions: their prices often coincide with available monetary units, require few pieces of money, or require little change. In this sense, these prices are more convenient than other proximate prices. I model a firm that explicitly incorporates convenience into its pricing decisions, where convenience is quantified by the number of currency units in a transaction. The model illustrates how alternating periods of price rigidity and flexibility can arise in such a setting, along with ...