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Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality?
“Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

Media

NYC Journalists, Join Us for an Info Session on the Stigler Center’s Journalists in Residence Program

ProMarket writers
To mark the JIR program’s second year, we will hold an informational session at NYU’s Torch Club in New York on September 19.     Earlier this...
Media

The Stigler Center’s Mediapart Case Study Now Available in French

ProMarket writers
The Stigler Center's case study focuses on the success of the French online news website and explores the economics of media companies in the face of...
Media

Can Investigative Journalism Overcome the Rational Ignorance of Voters?

Guy Rolnik
In the third and final part of our interview with Stanford economist James Hamilton, we discuss the connection between investigative journalism, human interest stories...
Media

The Stigler Center Launches Second Year of Journalists in Residence Program

ProMarket writers
The 12-week program, which will take place in Chicago Booth’s Hyde Park Campus, offers a transformative learning experience for working journalists seeking to deepen their...
Media

"Information Is a Public Good"

Guy Rolnik
In the second part of our interview with Stanford economist James Hamilton, we discuss the costs of investigative journalism, the link between the degree of...
Media

"There's a Set of People Who Do Understand What's Going on in Washington, But That Story Isn't Told Broadly"

Guy Rolnik
How much does investigative journalism cost? What are its benefits? Why is it so hard to monetize? Can markets keep on providing this service?...
Media

Trump and Sinclair's Art of the Deal

Guy Rolnik
Donald Trump is actually a boon for many media outlets. Consider, for instance, the case of Sinclair's TV and radio stations that supported him throughout his...
Media

The Market for News in Russia: Is There a Demand for Government Bias?

Guy Rolnik
Does the fact that Russian readers consume news produced by government-controlled entities, even though they have access to independent sources, imply a demand for...
Media

Can Narratives Shape Society?

Prateek Raj
Narratives that alter beliefs and change norms or guiding principles may indeed have real and lasting effects.  In the 2017 American Economic Association Presidential Address,...
Media

Can Investigative Journalism Be Profitable? France’s Mediapart Shows That It Can Be

Asher Schechter
Is investigative journalism a private or public good? A new Stigler Center case study focuses on the success of French online news website Mediapart...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.