Rational Ignorance and Negative News in the Information Market

While the availability of information has increased rapidly, the public is still considered poorly informed. This paper contributes to the emerging field of media economics by studying how the demand side of the media market affects news production and consumption. We show that consumers are likely to remain imperfectly informed on most issues and that negative news coverage is likely to dominate positive news stories because of demand side effects.

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Year of publication:	2007
Authors:	McCluskey, Jill ; Swinnen, Johan F.M.
Institutions:	LICOS Centre for Institutions and Economic Performance, Faculteit Economie en Bedrijfswetenschappen
Subject:	Media \| bias \| rational ignorance \| negative news coverage

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Series:	LICOS Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	12 pages
Classification:	L82 - Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.) ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005163397