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

TitleMedia as watchdogs: The role of news media in electoral competition
Authors
KeywordsCheap talk
Media bias
Policy convergence
Issue Date2009
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/eer
Citation
European Economic Review, 2009, v. 53 n. 7, p. 799-814 How to Cite?
AbstractWe 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. © 2009 Elsevier B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/129435
ISSN
2015 Impact Factor: 1.095
2015 SCImago Journal Rankings: 1.712
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChan, Jen_HK
dc.contributor.authorSuen, Wen_HK
dc.date.accessioned2010-12-23T08:37:13Z-
dc.date.available2010-12-23T08:37:13Z-
dc.date.issued2009en_HK
dc.identifier.citationEuropean Economic Review, 2009, v. 53 n. 7, p. 799-814en_HK
dc.identifier.issn0014-2921en_HK
dc.identifier.urihttp://hdl.handle.net/10722/129435-
dc.description.abstractWe 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. © 2009 Elsevier B.V. All rights reserved.en_HK
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/eeren_HK
dc.relation.ispartofEuropean Economic Reviewen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectCheap talken_HK
dc.subjectMedia biasen_HK
dc.subjectPolicy convergenceen_HK
dc.titleMedia as watchdogs: The role of news media in electoral competitionen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0014-2921&volume=53&issue=7&spage=799&epage=814&date=2009&atitle=Media+as+watchdogs:+The+role+of+news+media+in+electoral+competition-
dc.identifier.emailSuen, W: hrneswc@hkucc.hku.hken_HK
dc.identifier.authoritySuen, W=rp00066en_HK
dc.description.naturepostprint-
dc.identifier.doi10.1016/j.euroecorev.2009.01.002en_HK
dc.identifier.scopuseid_2-s2.0-70349326120en_HK
dc.identifier.hkuros178051en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-70349326120&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume53en_HK
dc.identifier.issue7en_HK
dc.identifier.spage799en_HK
dc.identifier.epage814en_HK
dc.identifier.eissn1873-572X-
dc.identifier.isiWOS:000271364800006-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChan, J=24376108500en_HK
dc.identifier.scopusauthoridSuen, W=7006977946en_HK
dc.identifier.citeulike5239659-

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