Antitrust versus the Press: Two Systems of Belief About Monopoly

37 Pages Posted: 10 Feb 2018

See all articles by Dirk Auer

Dirk Auer

International Center for Law & Economics (ICLE)

Nicolas Petit

University of Liege - School of Law; Hoover Institution

Date Written: January 29, 2018

Abstract

A large body of scholarship demonstrates that press coverage is beset with biases. Contemporary media coverage of large firms operating in the digital economy suggests that some of these biases may be at work when the press describes them as “monopolies.” We test this hypothesis by analyzing a dataset of 1800 press articles dealing with monopolies and spanning 150 years. We find that the press is systematically prone to sensationalism when covering “monopolies.” Throughout the time period of our study, media coverage of “monopolies” has been disproportionately negative and pessimistic. Because antitrust authorities do not operate in isolation from the mass media, these biases may have important policy consequences.

Suggested Citation

Auer, Dirk and Petit, Nicolas, Antitrust versus the Press: Two Systems of Belief About Monopoly (January 29, 2018). Available at SSRN: https://ssrn.com/abstract=3112150 or http://dx.doi.org/10.2139/ssrn.3112150

Dirk Auer

International Center for Law & Economics (ICLE) ( email )

5005 SW Meadows Rd.
Suite 300
Lake Oswego, OR 97035
United States

HOME PAGE: http://https://laweconcenter.org/author/dirkauer/

Nicolas Petit (Contact Author)

University of Liege - School of Law ( email )

B-4000 Liege
Belgium

Hoover Institution ( email )

Stanford, CA 94305
United States

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