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Political Economics of Broadcast Media

Author

Listed:
  • Alejandro Castañeda

    (Centro de Estudios Económicos, El Colegio de México)

  • Cesar Martinelli

    (Interdisciplinary Center for Economic Science and Department of Economics, George Mason University)

Abstract

We offer a tractable model of broadcast media as a three-sided platform, serving entertainment and news to viewers, commercial opportunities to advertisers, and electoral influence to politicians. We characterize the profit maximization decision of a media firm, and study the effect on social welfare of changes in the value of electoral influence, via induced changes in commercial advertising, the entertainment value of media, and political distortions.

Suggested Citation

  • Alejandro Castañeda & Cesar Martinelli, 2015. "Political Economics of Broadcast Media," Working Papers 1055, George Mason University, Interdisciplinary Center for Economic Science.
    • Handle: RePEc:gms:wpaper:1055
    as

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    References listed on IDEAS

    as
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