Rational Ignorance and Negative News in the Information Market

While the availability of infirmation has increased rapidly, the public is still considered poorly infirmed. 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 infirmed 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.
Publisher:	Leuven : Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
Subject:	Mediennutzung \| Marktmechanismus \| Bias \| Angebot \| Nachfrage \| Fernsehprogramm \| Medienökonomik \| Media \| bias \| rational ignorance \| negative news coverage

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Series:	LICOS Discussion Paper ; 191
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	551219076 [GVK] hdl:10419/74975 [Handle] RePEc:lic:licosd:19107 [RePEc]
Classification:	L82 - Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.) ; D83 - Search, Learning, Information and Knowledge
Source:	EconStor

Persistent link: https://www.econbiz.de/10010313372