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. Whereas competition can eliminate the effect of ideological bias, it actually exaggerates the incentive to spin stories …There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire … to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet …
Persistent link: https://www.econbiz.de/10012469412
Does media bias affect voting? We address this question by looking at the entry of Fox News in cable markets and its … bias and about politician quality. The Fox News effect could be a temporary learning effect for rational voters, or a …
Persistent link: https://www.econbiz.de/10012466500
quality when its reports conform to the consumer's prior expectations. We use this fact to build a model of media bias in … which firms slant their reports toward the prior beliefs of their customers in order to build a reputation for quality. Bias … emerges in our model even though it can make all market participants worse off. The model predicts that bias will be less …
Persistent link: https://www.econbiz.de/10012467012
We show that demand uncertainty leads to vertical product differentiation even when consumers are homogeneous. When a firm anticipates that its inventory or capacity may not be fully utilized, product variety can reduce its expected costs of excess capacity. When the firm offers a continuum of...
Persistent link: https://www.econbiz.de/10012468099
under competition with non-deceptive counterfeiting and deceptive counterfeiting, respectively, as well as under monopoly …
Persistent link: https://www.econbiz.de/10012459877
preference minorities, and we provide some conditions for such bias to occur. We then estimate the degree of bias in a particular …
Persistent link: https://www.econbiz.de/10012458180
frictions and the increase in specialization have exactly offsetting effects on the extent of competition in the market. Under …
Persistent link: https://www.econbiz.de/10012510517
corresponding new measures of industry competition where firms can have their own distinct set of competitors. Our new sets of … industry competitors better explain specific discussion of high competition by management, rivals identified by managers as …
Persistent link: https://www.econbiz.de/10012462662
Two salient features of the competitive structure of the U.S. mutual fund industry are the large number of funds and the sizeable dispersion in the fees funds charge investors, even within narrow asset classes. Portfolio financial performance differences alone do not seem able to fully explain...
Persistent link: https://www.econbiz.de/10012468970
This article examines patterns of entry and exit in a relatively homogeneous product market to investigate the impact of entry on incumbent firms and market structure. In particular, we are interested in whether the organizational form of entrants matters for the competitive decisions of...
Persistent link: https://www.econbiz.de/10012456131