Prof. Heng CHEN
Associate Professor
MEcon Programme Director

2857 8506

KK 915

Academic & Professional Qualification
  • Ph.D., University of Zurich
  • M.A., Chinese Academy of Social Sciences
  • B.A., China Agricultural University

Heng CHEN finished his PhD studies at the University of Zurich in 2010.  Before he moved to Switzerland, Heng has also studied at Harvard University, Stockholm University and the Chinese Academy of Social Sciences. His research areas include learning and information acquisition in macroeconomics and political economy. In particular, he works on topics related to financial, economic and political crises, belief formation and news market.

Research Interest
  • Learning in Macroeconomics
  • Political Economy
  • Chinese Economy
Selected Publications
Recent Publications
Competition for Attention and News Quality

Over the past decades the number of news outlets has increased dramatically, but the quality of news products has declined. We propose a model to reconcile these facts where consumers' attention allocation decisions not only depend on but also affect news outlets' quality choices. When competition is intensified by new entries, the informativeness of the news industry rises. Thus, attention is diverted from existing outlets, reducing their incentives to improve news quality, which begets a downward spiral. Furthermore, when attention becomes cheaper, a larger number of news outlets can be accommodated in equilibrium, but news quality still falls.