Cross-checking the media
| dc.contributor.author | RUDIGER, Jesper | |
| dc.date.accessioned | 2013-06-28T11:50:41Z | |
| dc.date.available | 2013-06-28T11:50:41Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | A characteristic of the news market is that consumers often cross-check information, i.e. observe several news outlets. At the same time, data on political media suggest that more partisan consumers are more likely to cross-check. We explore these phenomena by building a model of horizontal competition in newspaper endorsements. Without cross-checking, outlets are unbiased and minimally differentiated. When cross-checking is allowed, we show that cross-checkers are indeed more partisan than those who only acquire one report. Furthermore, cross-checking induces outlets to differentiate, and the degree of differentiation is increasing in the dispersion of consumer beliefs. Differentiation is detrimental to consumer welfare, and a single monopoly outlet may provide higher consumer welfare than a competitive duopoly. | en |
| dc.format.mimetype | application/pdf | |
| dc.identifier.issn | 1830-7728 | |
| dc.identifier.uri | https://hdl.handle.net/1814/27461 | |
| dc.language.iso | en | en |
| dc.neeo.contributor | RUDIGER|Jesper|aut| | |
| dc.relation.ispartofseries | EUI MWP | en |
| dc.relation.ispartofseries | 2013/17 | en |
| dc.rights | info:eu-repo/semantics/openAccess | en |
| dc.rights | info:eu-repo/semantics/openAccess | |
| dc.subject | News markets | en |
| dc.subject | Media bias | en |
| dc.subject | Cross-checking | en |
| dc.subject | Hotelling | en |
| dc.subject | D82 | en |
| dc.subject | D83 | en |
| dc.subject | L81 | en |
| dc.title | Cross-checking the media | en |
| dc.type | Working Paper | en |
| dspace.entity.type | Publication | |
| eui.subscribe.skip | true |
