Media bias and electoral competition
We present a model of electoral competition with uninformed voters. There is a market for news with ideological media outlets. We consider two market structures: monopoly and duopoly. We show that if each party has the support of an outlet, either party has the same probability of winning the election. However, if just one of the parties has the support of the media, the results might well change as this party will get into oce with a higher probability than the other party. We also analyze voters’ welfare and show that the important aspect is whether a media industry exists, and not the number of media outlets.
Volume (Year): 33 (2009)
Issue (Month): 2 (May)
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References listed on IDEAS
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- Corneo, Giacomo, 2006.
"Media capture in a democracy: The role of wealth concentration,"
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- Corneo, Giacomo, 2005. "Media capture in a democracy: the role of wealth concentration," Discussion Papers 2005/1, Free University Berlin, School of Business & Economics.
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- Timothy Besley & Andrea Prat, 2005. "Handcuffs for the Grabbing Hand? Media Capture and Government Accountability," STICERD - Political Economy and Public Policy Paper Series 07, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- John Ferejohn, 1986. "Incumbent performance and electoral control," Public Choice, Springer, vol. 50(1), pages 5-25, January.
- Vaidya, Samarth, 2005. "Corruption in the media's gaze," European Journal of Political Economy, Elsevier, vol. 21(3), pages 667-687, September.
- Robert Barro, 1973. "The control of politicians: An economic model," Public Choice, Springer, vol. 14(1), pages 19-42, March. Full references (including those not matched with items on IDEAS)
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