Media as watchdogs: The role of news media in electoral competition

被引：17

作者：

Chan, Jimmy ^{[1
]}

Suen, Wing ^{[2
]}

机构：

[1] Shanghai Univ Finance & Econ, Sch Econ, Shanghai 200433, Peoples R China

[2] Univ Hong Kong, Sch Econ & Finance, Pokfulam, Hong Kong, Peoples R China

来源：

EUROPEAN ECONOMIC REVIEW | 2009年 / 53卷 / 07期

关键词：

Media bias; Cheap talk; Policy convergence; ASYMMETRIC INFORMATION; LEGISLATIVE RULES; BIAS; ENDORSEMENTS; POLARIZATION; ELECTIONS; PARTIES; POLICY;

D O I：

10.1016/j.euroecorev.2009.01.002

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop an equilibrium model to analyze the role of the media in electoral competition. When policy payoffs are state-dependent, party policies do not converge to the median voter's ideal policy if the media report only party policies. News analysis about the state, though possibly biased, can discipline off-equilibrium deviations and make the parties adopt more centrist policies. Since voters are rational, the party favored by the media need not win with a higher probability. Instead, media bias may reduce the effectiveness of electoral competition and lead to more polarized policies. (C) 2009 Elsevier B.V. All rights reserved.

引用

页码：799 / 814

页数：16

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