Media Capture Through Favor Exchange

  title={Media Capture Through Favor Exchange},
  author={Adam Szeidl and Ferenc Szűcs},
  journal={Comparative Political Economy: Regulation eJournal},
  • Adam Szeidl, F. Szűcs
  • Published 1 February 2017
  • Business
  • Comparative Political Economy: Regulation eJournal
We use data from Hungary to establish two results about the relationship between the government and the media. (i) We document large advertising favors from the government to connected media, and large corruption coverage favors from connected media to the government. Our empirical strategy exploits sharp reallocations around changes in media ownership and other events to rule out market‐based explanations. (ii) Under the assumptions of a structural model, we distinguish between owner ideology… Expand
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