TY  - RPRT
CY  - Toulouse
ID  - publications49896
UR  - http://tse-fr.eu/pub/129948
A1  - Panova, Elena
Y1  - 2025/03//
N2  - This paper extends the reputational cheap-talk model to study the
effect of media market structure on the quality of news, depending on news coverage characterized by: (i) the precision of common priors and (ii) the likelihood of follow-up quality assessment. We find that competition (weakly) increases the quality of news, except when the news covers controversial issues, the quality of which is likely to remain uncertain, such as politics. Competition adversely affects the quality of such news by increasing the elasticity of demand, thereby creating incentives to confirm common priors.
PB  - TSE Working Paper
T3  - TSE Working Paper
KW  - quality of news
KW  - competition
KW  - reputational cheap-talk
M1  - working_paper
TI  - Media market structure and confirmatory news
AV  - public
EP  - 16
ER  -