Media capture in a democracy:
Corneo, Giacomo ;  Universität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft

Main titleMedia capture in a democracy:
Subtitlethe role of wealth concentration
AuthorCorneo, Giacomo
InstitutionUniversität <Berlin, Freie Universität> / Fachbereich Wirtschaftswissenschaft
No. of Pages36 S.
Series Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft ; 2005/1 : Volkswirtschaftliche Reihe
Keywordsmass media, public bads, voting, wealth inequality
Classification (DDC)330 Economics
Also published in
AbstractSince objective news coverage is vital to democracy, captured media can seriously
distort collective decisions. The current paper develops a voting model where citizens
are uncertain about the welfare e¤ects induced by alternative policy options and derive
information about those e¤ects from the mass media. The media might however secretly
collude with interest groups in order to in‡uence the public opinion. In the case of voting over the level of a productivity-enhancing public bad, it is shown that an increase in the
concentration of …rm ownership makes the occurrence of media bias more likely. Although media bias is not always welfare worsening, conditions for it to raise welfare are restrictive.
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FU DepartmentDepartment Business and Economics
Year of publication2005
Type of documentBook
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Created at2008-06-18 : 08:46:48
Last changed2015-01-22 : 04:40:12
Static URLhttp://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000000323