The Sound of Silence: Anti-Defamation Law and Political Corruption
نویسندگان
چکیده
We explore the role played by libel laws in selecting the information delivered by mass media to voters. The focus is on whether such laws can reduce political corruption and increase voters’ welfare. By endogenizing the response of the voters to information from the media, we clarify under which circumstances regulation reduces or increases corruption. The analysis shows that libel laws can reduce political corruption only if the moral hazard problem dominates adverse selection and the punishment for the defamer is large enough to deter the publication of some well-founded scandals.
منابع مشابه
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