Inequality and Media Capture

@article{Petrova2007InequalityAM,
  title={Inequality and Media Capture},
  author={Maria Petrova},
  journal={ERN: Other IO: Theory (Topic)},
  year={2007}
}
  • M. Petrova
  • Published 2007
  • Economics
  • ERN: Other IO: Theory (Topic)
People's support of redistributive policies depends on information they have about the tax system and efficiency of public projects. Mass media provides a convenient means for manipulating public opinion, even when voters understand that the media can be biased. I develop a theory of media capture in which the rich can influence information published in a media outlet at a cost. The model shows that higher inequality is associated with lower media freedom; this effect is stronger in democratic… Expand
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