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The Information Economy

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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...
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...
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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.