Title Media as Watchdogs: the Role of News Media in Electoral Competition Media as Watchdogs: the Role of News Media in Electoral Competition *
نویسندگان
چکیده
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. JEL Classification. D72, D82
منابع مشابه
Media as Watchdogs: The Role of News Media in Electoral Competition∗
We develop an equilibrium model to analyze the role of the media in electoral competition. Policy payoffs in the model are state dependent. We show that voters cannot infer the state directly from off-equilibrium party policies. As a result, party policies do not converge to the median voter’s ideal policy when the media report only party strategies. News analyses that convey information about ...
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