Comms & Media | Working Paper
A Citizen-Editors Model of News Media
22 November 2012
AUTHOR: SOBBRIO Francesco
This paper provides a model of the market for news where profit-maximizing media outlets choose their editors from a population of rational citizens. The analysis identifies a novel mechanism of media bias: the bias in a media outlet's news reports is the result of the slanted endogenous information acquisition strategy of its editor. Accordingly, the results show that citizens find it optimal to acquire information from a media outlet whose editor has similar ideological preferences. At the same time, there is always an upper bound on the possible “extremism” of an editor above which the citizens' demand for news is strictly decreasing. Depending on the distribution of citizens' ideological preferences, a media outlet may choose an ideological editor even in a monopolistic market. Moreover, ideological editors are more likely to be present in the market for news: i) the higher the number of media outlets competing in the market for news; ii) the lower the opportunity cost that citizens have to incur to acquire information.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Technical Report
In 2015, the Paris Climate Agreement and the UN Sustainable Development Goals (SDGs) propelled the world into fast track mode towards achieving the sustainability goals. Three decades from now, the [...]
Book
This comprehensive book on the European energy transition has been written by more than 40 European leading energy- and climate experts. It reflects on the latest policy developments, as such [...]
Other
What is “Peer-2-Peer”? It is a new form of trading between small players: buyers and sellers. It became possible about a decade ago with a new wave of digitalization (internet, [...]
Other
Covid-19 is changing the scenarios on which most policies were based, including those in the fields of energy and the environment. Our experts Simone Borghesi, Jos Delbeke, Jean-Michel Glachant, Alberto [...]
Working Paper
Technical standards that are agreed within a Standard Development Organization (SDO) often cover several ‘essential’ patents for the implementation of a standard (i.e., Standard Essential Patents, SEPs). In order to [...]
Article
Carbon pricing in general and emissions trading in particular are gaining momentum at the world level. In recent years increasing attention has been devoted to the possibility of linking Emissions [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top