Time scarcity and the market for news

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• dc.contributor.author Alaoui, Larbi
• dc.contributor.author Germano, Fabrizio
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2020-05-25T09:27:09Z
• dc.date.available 2020-05-25T09:27:09Z
• dc.date.issued 2012-12-01
• dc.date.modified 2020-05-25T09:23:44Z
• dc.description.abstract We develop a theory of news coverage in environments of information abundance. Time-constrained consumers browse through news items across competing outlets. They choose which outlets to access and which stories to read or skip, thus indirectly deciding how much time to spend on a given outlet. Firms decide on rankings of news items that maximize their profits. We show that even when readers (or television viewers) and firms are rational and unbiased, they spend more time on the news than they would like and not necessarily on the topics they prefer. In particular, relevant news items may be crowded out. We then study how reader-efficient standards can be restored and derive implications on diverse aspects of current media, including advertising and reader preference for like-minded news.
• dc.format.mimetype application/pdf*
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1348
• dc.identifier.citation
• dc.identifier.uri http://hdl.handle.net/10230/20482
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 1348
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword news markets; news coverage; time constrained consumers; media competition; digital media.
• dc.subject.keyword Behavioral and Experimental Economics
• dc.subject.keyword Microeconomics
• dc.title Time scarcity and the market for news
• dc.title.alternative
• dc.type info:eu-repo/semantics/workingPaper