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Rational Addiction to News?

Author

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  • Dewenter, Ralf

    (Helmut Schmidt University, Hamburg)

Abstract

Quarterly data of magazine circulation are used to analyse the consumption behaviour of the readers of German popular magazines in a panel framework using OLS, 2SLS and generalized method of moments techniques, in order to test the rational addiction hypothesis in respect with goods without any biological dependency.

Suggested Citation

  • Dewenter, Ralf, 2003. "Rational Addiction to News?," Working Paper 2/2003, Helmut Schmidt University, Hamburg.
    • Handle: RePEc:ris:vhsuwp:2003_002
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    Citations

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    Cited by:

    1. Leroch, Martin A. & Wellbrock, Christian M., 2011. "Saving newspapers with public grants – The effects of press subsidies on the provision of journalistic quality," Information Economics and Policy, Elsevier, vol. 23(3), pages 281-286.
    2. Martin Leroch, 2022. "Market power and journalistic quality," European Journal of Law and Economics, Springer, vol. 53(1), pages 109-124, February.
    3. Kaili Shen & David Giles, 2006. "Rational exuberance at the mall: addiction to carrying a credit card balance," Applied Economics, Taylor & Francis Journals, vol. 38(5), pages 587-592.
    4. Martin A. Leroch, 2015. "Press Subsidies and Information in a Democratic Society," Working Papers 1508, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
    5. Lapo Filistrucchi, 2005. "The Impact of Internet on the Market for Daily Newspapers in Italy," Economics Working Papers ECO2005/12, European University Institute.

    More about this item

    Keywords

    Rational Addiction; Habit Formation; Print Media; Panel Data;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L89 - Industrial Organization - - Industry Studies: Services - - - Other

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