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There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire …'s attempt to simply create a memorable story. We examine competition among media outlets in the presence of these biases …
Persistent link: https://www.econbiz.de/10012469412
News media operate in two-sided markets, offering bundles of content to readers as well as selling readers' attention … entry of television affected local newspapers as well as consumer media diets in the United States. We develop a model of … print media and show that entry of national television news could adversely affect the provision of local news. We construct …
Persistent link: https://www.econbiz.de/10012479306
Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...
Persistent link: https://www.econbiz.de/10012469064
The use of government-mandated report cards to diminish uncertainty about the quality of products and services is widespread. However, report cards will have little effect if they simply confirm consumers' prior beliefs. Moreover, documented "responses" to report cards may reflect learning about...
Persistent link: https://www.econbiz.de/10012467259
The digitization of content has led to the emergence of platforms that draw information from multiple sources. Policymakers are concerned that these new platforms threaten incentives for the production of original content. As a result, policymakers are contemplating regulations that would force...
Persistent link: https://www.econbiz.de/10012457264
introduce a model of the market for advertising on news media outlets whereby news outlets are modeled as competing two …
Persistent link: https://www.econbiz.de/10012459241
We document that trust in public institutions--and particularly trust in banks, business and government--has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...
Persistent link: https://www.econbiz.de/10012461766
Advances in communication technologies over the past half century have made the cultural goods of one country more readily available to consumers in another, raising concerns that cultural products from large economies - in particular the US - will displace the indigenous cultural products of...
Persistent link: https://www.econbiz.de/10012462688
This paper investigates the extent to which strategic objectives of the U.S. government influenced news coverage during the Cold War. We establish two relationships: 1) strategic objectives of the U.S. government cause the State Department to under-report human rights violations of strategic...
Persistent link: https://www.econbiz.de/10012462913
The Federal Communications Commission (FCC) has used auctions to award spectrum since 1994. During this time period, the FCC has experimented with a variety of auctions rules including click box bidding and anonymous bidding. These rule changes make the actions of bidders less visible during the...
Persistent link: https://www.econbiz.de/10012464206