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Ideological media bias

  • Stone, Daniel F.

I develop a model of the market for news in which consumers and reporters both ideologically misinterpret information and have biased beliefs about the extent to which others misinterpret information. I show that for some parameter values, in equilibrium: (i) a monopolist media outlet hires a politically moderate reporter but duopolist outlets use relatively extreme, differentiated reporters; (ii) in duopoly, consumers think of their preferred outlet's news reporter as relatively unbiased and the other outlet's reporter as relatively biased; (iii) consumers, in the aggregate, may be less informed in duopoly than monopoly, despite more consumers receiving news in duopoly.

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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 78 (2011)
Issue (Month): 3 (May)
Pages: 256-271

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Handle: RePEc:eee:jeborg:v:78:y:2011:i:3:p:256-271
Contact details of provider: Web page: http://www.elsevier.com/locate/jebo

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