{"title":"Investigative journalism and media capture in the digital age","authors":"Jay Pil Choi , Sangwoo Yang","doi":"10.1016/j.infoecopol.2021.100942","DOIUrl":null,"url":null,"abstract":"<div><p>This paper develops a model of investigative journalism and media capture in the market for news with the depreciation of the value of news over time and a limited exclusive supply period of original news due to copying by other media outlets. We make distinctions between traditional media outlets that engage in investigative journalism and fringe digital media that mainly copy and spread original news created elsewhere. We show that the quantity and quality of news with investigative journalism decrease and media capture is more likely as digital technologies induce a lower fixed cost of entry for the fringe firms and a shorter exclusive supply period of news. These results may explain why there is scant evidence for the conventional view that more media outlets lead to higher quality news and less political capture, despite proliferation of news and information outlets in the digital age.</p></div>","PeriodicalId":47029,"journal":{"name":"Information Economics and Policy","volume":"57 ","pages":"Article 100942"},"PeriodicalIF":4.5000,"publicationDate":"2021-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"10","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Information Economics and Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0167624521000305","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 10
Abstract
This paper develops a model of investigative journalism and media capture in the market for news with the depreciation of the value of news over time and a limited exclusive supply period of original news due to copying by other media outlets. We make distinctions between traditional media outlets that engage in investigative journalism and fringe digital media that mainly copy and spread original news created elsewhere. We show that the quantity and quality of news with investigative journalism decrease and media capture is more likely as digital technologies induce a lower fixed cost of entry for the fringe firms and a shorter exclusive supply period of news. These results may explain why there is scant evidence for the conventional view that more media outlets lead to higher quality news and less political capture, despite proliferation of news and information outlets in the digital age.
期刊介绍：
IEP is an international journal that aims to publish peer-reviewed policy-oriented research about the production, distribution and use of information, including these subjects: the economics of the telecommunications, mass media, and other information industries, the economics of innovation and intellectual property, the role of information in economic development, and the role of information and information technology in the functioning of markets. The purpose of the journal is to provide an interdisciplinary and international forum for theoretical and empirical research that addresses the needs of other researchers, government, and professionals who are involved in the policy-making process. IEP publishes research papers, short contributions, and surveys.
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