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Media as Watchdogs: The Role of News Media in Electoral Competition

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  • Jimmy Chan
  • Wing Suen

Abstract

We present a model in which the media provide voters with information that is tainted by their own preferences, and derive an equilibrium in which media endorsements influence voting behavior. Competition for media endorsement causes political parties to adopt more centrist policies, which benefits all voters. Mass media which are more sensitive to changes in policies and which are less biased lead to greater policy convergence toward the median voter's ideal point. The presence of multiple media outlets also helps promote electoral competition.

Suggested Citation

  • Jimmy Chan & Wing Suen, 2003. "Media as Watchdogs: The Role of News Media in Electoral Competition," Economics Working Paper Archive 497, The Johns Hopkins University,Department of Economics.
    • Handle: RePEc:jhu:papers:497
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    Cited by:

    1. John Duggan & César Martinelli, 2008. "The Role of Media Slant in Elections and Economics," Wallis Working Papers WP54, University of Rochester - Wallis Institute of Political Economy.
    2. Bodo Knoll & Hans Pitlik & Martin Rode, 2023. "TV Consumption Patterns and the Impact of Media Freedom on Political Trust and Satisfaction with the Government," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 323-340, September.
    3. Miura, Shintaro, 2019. "Manipulated news model: Electoral competition and mass media," Games and Economic Behavior, Elsevier, vol. 113(C), pages 306-338.
    4. Takanori Adachi & Yoichi Hizen, 2014. "Political Accountability, Electoral Control and Media Bias," The Japanese Economic Review, Japanese Economic Association, vol. 65(3), pages 316-343, September.
    5. Corneo, Giacomo, 2006. "Media capture in a democracy: The role of wealth concentration," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 37-58, January.
    6. Méon, Pierre-Guillaume & Minne, Geoffrey, 2014. "Mark my words: Information and the fear of declaring an exchange rate regime," Journal of Development Economics, Elsevier, vol. 107(C), pages 244-261.
    7. Sendhil Mullainathan & Andrei Shleifer, 2005. "The Market for News," American Economic Review, American Economic Association, vol. 95(4), pages 1031-1053, September.
    8. Stephane Wolton, 2019. "Are Biased Media Bad for Democracy?," American Journal of Political Science, John Wiley & Sons, vol. 63(3), pages 548-562, July.
    9. Pierre-Guillaume Méon & Geoffrey Minne, 2014. "Mark my Words: Information and the Fear of Declaring one’s Exchange Rate Regime," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 107, pages 244-261, March.
    10. Jiancai Pi, 2010. "Media Capture and Local Government Accountability," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(3), pages 273-283.
    11. Ascensión Andina Díaz, 2011. "Mass Media in Economics: Origins and Subsequent Contributions," Working Papers 2011-02, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center.
    12. Banducci, Susan & Giebler, Heiko & Kritzinger, Sylvia, 2017. "Knowing more from less: how the information environment increases knowledge of party positions," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 47(3), pages 571-588.
    13. Puglisi Riccardo, 2011. "Being The New York Times: the Political Behaviour of a Newspaper," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-34, April.
    14. Stone, Daniel F., 2013. "Media and gridlock," Journal of Public Economics, Elsevier, vol. 101(C), pages 94-104.
    15. John Duggan & Cesar Martinelli, 2008. "Rational Expectations and Media Slant," Levine's Bibliography 122247000000001844, UCLA Department of Economics.
    16. Junze Sun & Arthur Schram & Randolph Sloof, 2019. "A Theory on Media Bias and Elections," Tinbergen Institute Discussion Papers 19-048/I, Tinbergen Institute.
    17. Ascensión Andina-Díaz, 2007. "Reinforcement vs. change: The political influence of the media," Public Choice, Springer, vol. 131(1), pages 65-81, April.
    18. Jacopo Perego & Sevgi Yuksel, 2022. "Media Competition and Social Disagreement," Econometrica, Econometric Society, vol. 90(1), pages 223-265, January.
    19. Narayan, Paresh Kumar & Bannigidadmath, Deepa & Narayan, Seema, 2021. "How much does economic news influence bilateral exchange rates?," Journal of International Money and Finance, Elsevier, vol. 115(C).

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