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

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Author Info
Jimmy Chan
Wing Suen

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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.

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Publisher Info
Paper provided by The Johns Hopkins University,Department of Economics in its series Economics Working Paper Archive with number 497.

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Date of creation: Jun 2003
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Handle: RePEc:jhu:papers:497

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    Other versions:
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  4. Marco Battaglini, 2002. "Multiple Referrals and Multidimensional Cheap Talk," Econometrica, Econometric Society, vol. 70(4), pages 1379-1401, July. [Downloadable!] (restricted)
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  5. David Strömberg, 2004. "Radio's Impact on Public Spending," The Quarterly Journal of Economics, MIT Press, vol. 119(1), pages 189-221, February. [Downloadable!] (restricted)
  6. Farrell, Joseph & Rabin, Matthew, 1996. "Cheap Talk," Journal of Economic Perspectives, American Economic Association, vol. 10(3), pages 103-18, Summer. [Downloadable!] (restricted)
  7. Joseph Farrell., 1986. "Meaning and Credibility in Cheap-Talk Games," Economics Working Papers 8609, University of California at Berkeley.
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  8. Cho, In-Koo & Kreps, David M, 1987. "Signaling Games and Stable Equilibria," The Quarterly Journal of Economics, MIT Press, vol. 102(2), pages 179-221, May. [Downloadable!] (restricted)
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  10. Vijay Krishna & John Morgan, 2001. "A Model Of Expertise," The Quarterly Journal of Economics, MIT Press, vol. 116(2), pages 747-775, May. [Downloadable!] (restricted)
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  11. Alesina, Alberto, 1988. "Credibility and Policy Convergence in a Two-Party System with Rational Voters," American Economic Review, American Economic Association, vol. 78(4), pages 796-805, September.
  12. Timothy Besley & Andrea Prat, 2006. "Handcuffs for the Grabbing Hand? Media Capture and Government Accountability," American Economic Review, American Economic Association, vol. 96(3), pages 720-736, June. [Downloadable!]
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  13. David Str–mberg, 2004. "Mass Media Competition, Political Competition, and Public Policy," Review of Economic Studies, Blackwell Publishing, vol. 71(1), pages 265-284, 01. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Riccardo Puglisi, 2006. "Being The New York Times: Thepolitical Behaviour Of A Newspaper," STICERD - Political Economy and Public Policy Paper Series 20, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE. [Downloadable!]
  2. John Duggan & Cesar Martinelli, 2008. "The Role of Media Slant in Elections and Economics," Working Papers 0802, Centro de Investigacion Economica, ITAM. [Downloadable!]
    Other versions:
  3. Ascensión Andina-Díaz, 2008. "Media Competition and Information Disclosure," Working Papers 2008-5, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center. [Downloadable!]
  4. John Duggan & Cesar Martinelli, 2008. "Rational Expectations and Media Slant," Levine's Bibliography 122247000000001844, UCLA Department of Economics. [Downloadable!]
  5. Giacomo Corneo, 2005. "Media Capture in a Democracy: The Role of Wealth Concentration," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  6. Ascensión Andina-Díaz, 2008. "Media bias and electoral competition," Working Papers 2008-6, Universidad de Málaga, Department of Economic Theory, Málaga Economic Theory Research Center. [Downloadable!]
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