Template-Type: ReDIF-Paper 1.0
Title: Dynamic Competition for Attention
Author-Name: Jan Knoepfle
Author-Email: Jan.Knoepfle@aalto.fi

Classification-JEL: D43, D83, L86
Keywords: Attention, Dynamic Information Provision, Media Competition

Abstract: This paper studies information transmission in situations in which multiple senders compete for the attention of a decision maker. Senders are partially informed about a state and choose how to reveal information over time to attract maximal attention. A decision maker wants to learn about the state but faces attention costs. I characterise an equilibrium with simple strategies that lead to full information transmission in minimal time. The attention each sender receives is proportional to the residual value of her information. With endogenous information acquisition, increasing initial public information may decrease the aggregate information in society.

Note: 
Length: 42
Creation-Date: 2020-10
Revision-Date: 
File-URL: https://www.crctr224.de/research/discussion-papers/archive/dp219
File-Format: application/pdf
Handle: RePEc:bon:boncrc:CRCTR224_2020_219