Agenda chasing and contests among news providers
研究了受社交媒体影响的新闻行业中,出版商如何根据话题的成功概率追逐热门话题,以及不同奖励分配结构对竞争结果的影响。
This article studies competition in contests with a focus on the news industry that is increasingly influenced by social media. The model assumes publishers to pick a single topic from a large pool based on the topics' prior “success” probabilities, thereby “chasing” potentially successful topics. Firms that publish topics that become successful divide a “reward” which can change with the number of competing firms and the number of successful topics. The results show that share structures can be categorized into three types that, in turn, lead to qualitatively different outcomes for the contest.