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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

PwC and the Oscars: When Auditors Take Investors to La La Land

Guy Rolnik
PwC suffered an enormous blow to its reputation following the Oscars because the ceremony is highly visible and the failure was simple to understand. But the accounting giant has experienced many blunders in the last...
Media

Reader Survey: ProMarket Celebrates Its One-Year Anniversary

ProMarket writers
As ProMarket enters its second year of operation, we would like to understand what you, our readers, have liked about our blog and what...
Media

The Role of Narratives in Economics

Prateek Raj
Narratives are vectors of ideas. Nobel laureate Robert Shiller suggests that in the age of social information networks, economists need to rethink how and...
Media

Last Few Days to Apply to the Stigler Center’s Fellowship Program for Journalists

ProMarket writers
This 10-week program, which will take place in Chicago Booth’s Hyde Park Campus, will offer a transformative learning experience for up-and-coming journalists seeking to...
Media

The ProMarket Monthly Roundup

Guy Rolnik
The first edition of our monthly roundup that includes ProMarket posts from the previous month, as well as interesting stories from our “Weekly Briefing” section. The...
Media

Alan Rusbridger is Gone from The Guardian, But Is There Still a Business Model for Independent Journalism?

Guy Rolnik
Many people like to think of media as another market where competition drives innovation, quality, and integrity. But this is not always the case. The following...
Media

Are Newspapers Captured by Banks? Evidence From Italy

Luigi Zingales
The inaugural piece of a new ProMarket mini-paper series. Preamble In the intellectual debate there is a gap between academic papers and policy opinions, even those...
Media

Alan Rusbridger: “The Level of Scrutiny That the Press Would Apply to its Own Failures is Minimal”

Asher Schechter
ProMarket interview: Alan Rusbridger, former editor-in-chief of The Guardian, on media capture. In 2003, Rebekah Wade (now Brooks), the former editor of the British tabloid...
Media

What Makes M&A Reporters More Accurate?

Asher Schechter
A study by Kenneth R. Ahern and Denis Sosyura ranks M&A reporters based on their accuracy. Rumors and speculation have always been a part of...
Media

Study: Journalists’ Fear of Appearing Biased Benefits Special Interests

Asher Schechter
New study that looks into the media coverage of climate change finds that special interest groups often take advantage of journalists’ desire to present...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.