In this paper, we seek to understand how firms respond to entry in such markets.

Hence our empirical analysis provides a sharp test of how increased competition on one side of the market affects other sides.

Verkkofirst, craigslist’s entry directly affects only one side of the newspaper’s market because craigslist provides classified ads and not editorial content.

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Verkkoin market conditions on one side of a firm's market may require changes in strategies on the same side as well as on other sides of its market.

Verkkoto understand the pandemic’s impact on the rental market, we assembled a data set on rental housing in the 49 largest metropolitan statistical areas (msas) gathered continuously throughout the crisis from craigslist, the largest website for rental housing advertisements in the united states.

We provide two extensions to our main findings.

We exploit temporal and geographical variation in

On the subscriber side, these newspapers experience an increase in subscription prices, a decrease in circulation, and an increase in differentiation from each other.

On the subscriber side, these newspapers experience an increase in subscription prices, a decrease in circulation, and an increase in differentiation from each other.

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