A Spatial Theory of Media Slant and Voter Choice
AbstractWe develop a theory of media slant as a systematic filtering of political news that reduces multidimensional politics to the one-dimensional space perceived by voters. Economic and political choices are interdependent in our theory: expected electoral results influence economic choices, and economic choices in turn influence voting behaviour. In a two-candidate election, we show that media favouring the front-runner will focus on issues unlikely to deliver a surprise, while media favouring the underdog will gamble for resurrection. We characterize the socially optimal slant and show that it coincides with the one favoured by the underdog under a variety of circumstances. Balanced media, giving each issue equal coverage, may be worse for voters than partisan media. Copyright 2011, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal The Review of Economic Studies.
Volume (Year): 78 (2011)
Issue (Month): 2 ()
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- Fischer, Justina, 2011. "Living under the ‘right’ government: does political ideology matter to trust in political institutions? An analysis for OECD countries," MPRA Paper 33344, University Library of Munich, Germany.
- Santiago Oliveros & Felix Vardy, 2013. "Demand for Slant: How Abstention Shapes Voters’ Choice of News Media," Economics Discussion Papers 734, University of Essex, Department of Economics.
- Francesco Sobbrio, 2012. "A Citizen-Editors Model of News Media," RSCAS Working Papers 2012/61, European University Institute.
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