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Article: Downs Meets D’aspremont And Company: Convergence Versus Differentiation In Politics And The Media

TitleDowns Meets D’aspremont And Company: Convergence Versus Differentiation In Politics And The Media
Authors
Guo, WCLai, FCSuen, WC
KeywordsMedia positions
Political platforms
Polarization
Spatial competition
Cognitive consistency
Issue Date2018
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijio
Citation
International Journal of Industrial Organization, 2018, v. 60, p. 96-125 How to Cite?
DOI: http://dx.doi.org/10.1016/j.ijindorg.2018.08.002
AbstractMedia firms have incentives to differentiate their news products to soften price competition. When consumers value cognitive consistency between the news they read and the policies they support, politicians are induced to propose more polarized policies to conform to a polarized media landscape. A stronger commercial motive or a weaker preference for editorial neutrality in the media exacerbates this effect and causes party policies to become more extreme. We find that prices for news products are higher when consumers have a demand for cognitive consistency, despite the fact that maximal product differentiation does not hold for media firms.
Persistent Identifierhttp://hdl.handle.net/10722/279008
ISSN
0167-7187
2023 Impact Factor: 1.7
2023 SCImago Journal Rankings: 1.036
ISI Accession Number ID
WOS:000445643000004

 

DC FieldValueLanguage
dc.contributor.authorGuo, WC-
dc.contributor.authorLai, FC-
dc.contributor.authorSuen, WC-
dc.date.accessioned2019-10-21T02:17:56Z-
dc.date.available2019-10-21T02:17:56Z-
dc.date.issued2018-
dc.identifier.citationInternational Journal of Industrial Organization, 2018, v. 60, p. 96-125-
dc.identifier.issn0167-7187-
dc.identifier.urihttp://hdl.handle.net/10722/279008-
dc.description.abstractMedia firms have incentives to differentiate their news products to soften price competition. When consumers value cognitive consistency between the news they read and the policies they support, politicians are induced to propose more polarized policies to conform to a polarized media landscape. A stronger commercial motive or a weaker preference for editorial neutrality in the media exacerbates this effect and causes party policies to become more extreme. We find that prices for news products are higher when consumers have a demand for cognitive consistency, despite the fact that maximal product differentiation does not hold for media firms.-
dc.languageeng-
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ijio-
dc.relation.ispartofInternational Journal of Industrial Organization-
dc.rightsThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.-
dc.subjectMedia positions-
dc.subjectPolitical platforms-
dc.subjectPolarization-
dc.subjectSpatial competition-
dc.subjectCognitive consistency-
dc.titleDowns Meets D’aspremont And Company: Convergence Versus Differentiation In Politics And The Media-
dc.typeArticle-
dc.identifier.emailSuen, WC: hrneswc@hku.hk-
dc.identifier.authoritySuen, WC=rp00066-
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.ijindorg.2018.08.002-
dc.identifier.scopuseid_2-s2.0-85052465967-
dc.identifier.hkuros308070-
dc.identifier.volume60-
dc.identifier.spage96-
dc.identifier.epage125-
dc.identifier.isiWOS:000445643000004-
dc.publisher.placeNetherlands-
dc.identifier.issnl0167-7187-

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