EconPapers    
Economics at your fingertips  
 

Time scarcity and the market for news

Larbi Alaoui () and Fabrizio Germano ()

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

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.

Keywords: News markets; news coverage; time constrained consumers; media competition; digital media. (search for similar items in EconPapers)
JEL-codes: H44 L13 L82 L86 (search for similar items in EconPapers)
Date: 2012-12, Revised 2019-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed

Downloads: (external link)
https://econ-papers.upf.edu/papers/1348.pdf Whole Paper (application/pdf)

Related works:
Journal Article: Time scarcity and the market for news (2020) Downloads
Working Paper: Time Scarcity and the Market for News (2015) Downloads
Working Paper: Time Scarcity and the Market for News (2015) Downloads
Working Paper: Time Scarcity and the Market for News (2014) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:1348

Access Statistics for this paper

More papers in Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra
Bibliographic data for series maintained by ( this e-mail address is bad, please contact ).

 
Page updated 2022-06-26
Handle: RePEc:upf:upfgen:1348