RT Journal Article
T1 Reputation and news suppression in the media industry
A1 Andina-Díaz, Ascensión
A1 García-Martínez, José A.
K1 Medios de comunicación social
K1 Política de información
K1 Responsabilidad social de la empresa
AB This paper proposes a new argument to explain why media firms silence information and why this behavior may vary across firms and market structures. We build on the literature of career concerns and consider firms that seek to maximize their reputation for high quality. Crucial to our results is the idea that media firms' reporting strategies affect the probability that consumers learn the state of the world. We show that reputational concerns introduce an incentive for firms to withhold scoops and that this incentive is higher in firms with high levels of initial reputation and/or great social influence. We also show that the incentive to withhold information may persist when we consider competition. In particular, we show that sequential competition is not a powerful force towards accuracy; however, simultaneous competition can be. These results suggest that market competition matters for how much information is revealed by firms.
PB Elsevier
YR 2020
FD 2020-09-30
LK https://hdl.handle.net/10630/29640
UL https://hdl.handle.net/10630/29640
LA spa
NO Andina-Díaz, A., & García-Martínez, J.A. (2020). Reputation and news suppression in the media industry. Games and Economic Behavior, 123, 240-271. https://doi.org/10.1016/j.geb.2020.07.008
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 19 ene 2026