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A Spatial Theory of News Consumption and Electoral Competition

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Author Info
JIMMY CHAN
WING SUEN

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Abstract

We characterize the optimal editorial positions of the media in a model in which the media influence both voting behaviour and party policies. Political parties are less likely to choose partisan policies when more voters consume informative news. When there are two media outlets, each should be slightly biased relative to its audience in order to attract voters with relatively extreme views. Voter welfare is typically higher under a duopoly than under a monopoly. Two media outlets under joint ownership may provide more diverse viewpoints than two independent ones, but voter welfare is not always higher. Copyright © 2008 The Review of Economic Studies Limited.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-937X.2008.00495.x
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Publisher Info
Article provided by Blackwell Publishing in its journal Review of Economic Studies.

Volume (Year): 75 (2008)
Issue (Month): 3 (07)
Pages: 699-728
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Handle: RePEc:bla:restud:v:75:y:2008:i:3:p:699-728

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  1. Ascensión Andina-Díaz, 2008. "Media Competition and Information Disclosure," Working Papers 2008-5, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center. [Downloadable!]
  2. Ascensión Andina-Díaz, 2009. "Media competition and information disclosure," Social Choice and Welfare, Springer, vol. 33(2), pages 261-280, August. [Downloadable!] (restricted)
  3. Sobbrio, Francesco, 2009. "A Citizens-Editors Model of News Media," MPRA Paper 18213, University Library of Munich, Germany. [Downloadable!]
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