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来源类型Working Paper
规范类型报告
DOI10.3386/w14360
来源IDWorking Paper 14360
Media versus Special Interests
Alexander Dyck; David Moss; Luigi Zingales
发表日期2008-09-19
出版年2008
语种英语
摘要We argue that profit-maximizing media help overcome the problem of "rational ignorance" highlighted by Downs (1957) and in so doing make elected representatives more sensitive to the interests of general voters. By collecting news and combining it with entertainment, media are able to inform passive voters on politically relevant issues. To show the impact this information has on legislative outcomes, we document the effect "muckraking" magazines had on the voting patterns of U.S. representatives and senators in the early part of the 20th century. We also show under what conditions profit-maximizing media will cater to general (less affluent) voters in their coverage, providing a counterbalance to special interests.
主题Industrial Organization ; Regulatory Economics ; History ; Other History ; Other ; Economic Systems
URLhttps://www.nber.org/papers/w14360
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572034
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GB/T 7714
Alexander Dyck,David Moss,Luigi Zingales. Media versus Special Interests. 2008.
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