| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP7768
|
| DP7768 Media Mergers and Media Bias with Rational Consumers |
| Simon Anderson; John McLaren
|
| 发表日期 | 2010-03-28
|
| 出版年 | 2010
|
| 语种 | 英语
|
| 摘要 | We present an economic model of media bias and media mergers. Media owners have political motives as well as profit motives, and can influence public opinion by withholding information that is pejorative to their political agenda - provided that their agenda is not too far from the political mainstream. This is true even with rational consumers who understand the media owners? biases, because the public do not know how much information the news organizations have and so do not know when news is being withheld. In line with conventional wisdom, this problem can be undone by competition; but competition can be defeated in equilibrium by media mergers that enhance profits at the expense of the public interest. We thus derive a motive for media merger policy that is completely distinct from the motives behind conventional antitrust. While media bias may reduce the profit incentives to merge, media markets nonetheless err to being insufficiently competitive, and the consequences of merger are more severe than in other markets. |
| 主题 | Industrial Organization
|
| 关键词 | Information withholding
Market for news
Media bias
Media mergers
|
| URL | https://cepr.org/publications/dp7768
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536605
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推荐引用方式
GB/T 7714 |
Simon Anderson,John McLaren. DP7768 Media Mergers and Media Bias with Rational Consumers. 2010.
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