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Political Media Contests and Confirmatory Bias

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Abstract

This paper models a two-period media contest between two political candidates campaigning to win an election. Two main cases are examined. In the first case voters behave as unbiased Bayesian updaters when assessing political information. The second case considers voters suffering from confirmatory bias. In the first case I find that candidates spend equal amounts of their campaign funds in both periods in equilibrium. In the second case, candidates spend more in period one. A candidate with better media access (in period one) does, however, better if voters suffer from confirmatory bias than if they do not.

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  • Jacobsson, Adam, 2002. "Political Media Contests and Confirmatory Bias," Research Papers in Economics 2002:3, Stockholm University, Department of Economics.
    • Handle: RePEc:hhs:sunrpe:2002_0003
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    References listed on IDEAS

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    1. Stergios Skaperdas, 1996. "Contest success functions (*)," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 283-290.
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    4. Jacobson, Gary C., 1978. "The Effects of Campaign Spending in Congressional Elections," American Political Science Review, Cambridge University Press, vol. 72(2), pages 469-491, June.
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    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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