{"id":1406,"date":"2022-10-07T22:44:03","date_gmt":"2022-10-07T22:44:03","guid":{"rendered":"http:\/\/qsms.bme.hu\/?p=1406"},"modified":"2022-10-07T22:44:03","modified_gmt":"2022-10-07T22:44:03","slug":"luca-sandrini-and-robert-somogyis-project-awarded-a-net-institute-summer-grant","status":"publish","type":"post","link":"https:\/\/qsms.bme.hu\/index.php\/2022\/10\/07\/luca-sandrini-and-robert-somogyis-project-awarded-a-net-institute-summer-grant\/","title":{"rendered":"Luca Sandrini and Robert Somogyi&#8217;s project awarded a NET Institute Summer Grant"},"content":{"rendered":"\n<p><strong>News Media Bargaining Codes<\/strong>, Luca Sandrini and Robert Somogyi\u2019s joint project, was awarded a\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.netinst.org\/call_for_proposals_2022.html\" target=\"_blank\">NET\u00a0Institute Summer Grant<\/a>. <\/p>\n\n\n\n<p>The project investigates the welfare effects of a policy intervention that mandates digital platforms (notably Facebook and Google) to negotiate compensation with news publishers for the excessive loss in advertising revenues that the latter are experiencing. By introducing the News Media and Digital Platforms Mandatory Bargaining Code, the Australian government was the first to legislate such a policy. This research project aims to understand the effect of such regulations on consumers and news quality. The analysis distinguishes two main scenarios. First, if the news quality is insensitive to the policy (news publishers do not adjust their investments upon receiving a transfer), the codes increase welfare and never harm consumers. Second, a poorly designed transfer can be inefficient if news publishers set news quality endogenously. However, even an inefficient policy never harms consumers. Furthermore, the research provides some guidance on designing an efficient transfer scheme.<\/p>\n\n\n\n<p>The first draft of the paper analyzing these issues will be available in the Fall as a\u00a0NET\u00a0Institute Working Paper. The\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/www.netinst.org\/\" target=\"_blank\">NET\u00a0Institute<\/a>\u00a0funds a number of scientific research projects in the area of\u00a0network industries, including wired and wireless\u00a0networks, \u201cvirtual\u00a0networks,\u201d electronic commerce, telecommunications, the Internet, platforms, and two-sided markets. It is expected that funded research will eventually be published in top academic research journals.\u00a0The\u00a0NET\u00a0Institute\u2019s board of directors consists of:<br><\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-list\"><li><a rel=\"noreferrer noopener\" href=\"https:\/\/about.google\/#vint\" target=\"_blank\">Dr Vinton G. Cerf<\/a>, Vice President &amp; Chief Internet Evangelist, Google<\/li><li> <a rel=\"noreferrer noopener\" href=\"http:\/\/neconomides.stern.nyu.edu\/networks\/\" target=\"_blank\">Professor Nicholas Economides<\/a>, Stern School of Business, New York University (Executive Director) <\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.justice.gov\/sites\/default\/files\/atr\/legacy\/2007\/02\/08\/221295.pdf\" target=\"_blank\">David A. Heiner<\/a>, Vice President &amp; Deputy General Counsel, Microsoft Corporation <\/li><li><a rel=\"noreferrer noopener\" href=\"http:\/\/nathanmyhrvold.com\/\" target=\"_blank\">Dr Nathan Myhrvold<\/a>, CEO, Intellectual Ventures <\/li><li><a rel=\"noreferrer noopener\" href=\"https:\/\/scholar.harvard.edu\/pakes\/home\" target=\"_blank\">Professor Ariel Pakes<\/a>, Economics Department, Harvard University<\/li><\/ul>\n\n\n\n<p><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>News Media Bargaining Codes, Luca Sandrini and Robert Somogyi\u2019s joint project, was awarded a\u00a0NET\u00a0Institute Summer Grant. The project investigates the welfare effects of a policy intervention that mandates digital platforms (notably Facebook and Google) to negotiate compensation with news publishers for the excessive loss in advertising revenues that the latter are experiencing. By introducing the &hellip; <a href=\"https:\/\/qsms.bme.hu\/index.php\/2022\/10\/07\/luca-sandrini-and-robert-somogyis-project-awarded-a-net-institute-summer-grant\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Luca Sandrini and Robert Somogyi&#8217;s project awarded a NET Institute Summer Grant&#8221;<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1406","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/comments?post=1406"}],"version-history":[{"count":1,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1406\/revisions"}],"predecessor-version":[{"id":1407,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/posts\/1406\/revisions\/1407"}],"wp:attachment":[{"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/media?parent=1406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/categories?post=1406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qsms.bme.hu\/index.php\/wp-json\/wp\/v2\/tags?post=1406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}