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政大典藏 > College of Commerce > Department of Risk Management and Insurance > Periodical Articles > Item 140.119/120812

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/120812

Title:	Downs meets d`Aspremont and company: Convergence versus differentiation in politics and the media
Authors:	Guo, Wen-Chung Lai, Fu-Chuan 賴孚權 Suen, Wing
Contributors:	財政系
Keywords:	Media positions;Political platforms;Polarization;Spatial competition;Cognitive consistency
Date:	2018-09
Issue Date:	2018-10-30 17:25:52 (UTC+8)
Abstract:	Media 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. (c) 2018 Elsevier B.V. All rights reserved.
Relation:	INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 60, 96-125
Data Type:	article
DOI link:	http://dx.doi.org/10.1016/j.ijindorg.2018.08.002
DOI:	10.1016/j.ijindorg.2018.08.002
Appears in Collections:	[Department of Risk Management and Insurance] Periodical Articles

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