Media Capture in a Democracy: The Role of Wealth Concentration

  title={Media Capture in a Democracy: The Role of Wealth Concentration},
  author={Giacomo Corneo},
  journal={Public Choice \& Political Economy eJournal},
  • G. Corneo
  • Published 2005
  • Economics
  • Public Choice & Political Economy eJournal
Since 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 effects induced by alternative policy options and derive information about those effects from the mass media. The media might however secretly collude with interest groups in order to influence the public opinion. In the case of voting over the level of a productivity-enhancing public bad, it is… Expand
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