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- Title
Agenda chasing and contests among news providers.
- Authors
Katona, Zsolt; Knee, Jonathan A.; Sarvary, Miklos
- Abstract
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.
- Subjects
COMPETITION in news agencies; PUBLISHING; NEWS websites; SOCIAL media; MATHEMATICAL models
- Publication
RAND Journal of Economics (Wiley-Blackwell), 2017, Vol 48, Issue 3, p783
- ISSN
0741-6261
- Publication type
Article
- DOI
10.1111/1756-2171.12191