Agenda chasing and contests among news providers
This article studies competition in contests with a focus on the news industry that is increasingly influenced by social media. The model assumes publishers to pick a single topic from a large pool based on the topics' prior "success" probabilities, thereby "chasing" potenti...
| Veröffentlicht in: | The RAND Journal of Economics. - Wiley Subscription Services, Inc., 1984. - 48(2017), 3, Seite 783-809 |
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| Format: | Online-Aufsatz |
| Sprache: | English |
| Veröffentlicht: |
2017
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| Zugriff auf das übergeordnete Werk: | The RAND Journal of Economics |
| Schlagworte: | Business Economics Applied sciences Social sciences Behavioral sciences Philosophy |
| Zusammenfassung: | This article studies competition in contests with a focus on the news industry that is increasingly influenced by social media. The model assumes publishers to pick a single topic from a large pool based on the topics' prior "success" probabilities, thereby "chasing" potentially successful topics. Firms that publish topics that become successful divide a "reward" which can change with the number of competing firms and the number of successful topics. The results show that share structures can be categorized into three types that, in turn, lead to qualitatively different outcomes for the contest. |
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| ISSN: | 17562171 |