Showing 1 - 10 of 65
We present an economic model of media bias and media mergers. Media owners have political motives as well as profit … media bias may reduce the profit incentives to merge, media markets nonetheless err to being insufficiently competitive, and …
Persistent link: https://www.econbiz.de/10008468536
This paper investigates, in a simplified macro context, the joint determination of the (incorrect) perceived model and the equilibrium. I assume that the model is designed by a self-interested economist who knows the true structural model, but reports a distorted one so as to influence outcomes....
Persistent link: https://www.econbiz.de/10009144736
illustrates the tight link between parameter identification and the scope for bias that is generated by the autocoherence …
Persistent link: https://www.econbiz.de/10009150948
This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
We study the effects of unequal representation in the interest-group system on the degree of information transmission between a lobbyist and a policy-maker. Employing a dynamic cheap-talk model in which the lobbyist cares instrumentally about his reputation for truth telling, we show that the...
Persistent link: https://www.econbiz.de/10005792547
distribution of VAR impulse response estimators is undermined by the estimator’s bias. A natural conjecture is that impulse … estimators tend to have both higher bias and higher variance, resulting in pointwise impulse response confidence intervals that …
Persistent link: https://www.econbiz.de/10005666791
choices are private information. It is optimal for the organization to `bias' the second contest in favor of the early winner …
Persistent link: https://www.econbiz.de/10005667058
in three areas. First, we use identical twins, to control for family effects and genetic ability bias, and the education … findings suggest lower ability bias in within-twin pair regressions than pooled regressions. Third, using data on twins smoking … we show smoking reflects family background and using it as an instrument exacerbates ability bias. …
Persistent link: https://www.econbiz.de/10005662039
How to sustain cooperation is a key challenge for any society. Different social organizations have evolved in the course of history to cope with this challenge by relying on different combinations of external (formal and informal) enforcement institutions and intrinsic motivation. Some societies...
Persistent link: https://www.econbiz.de/10008468568
Analyzing data from a unique survey of managers of Chinese private firms, we investigate how family ties with firm heads affect managerial compensation and job assignment. We find that family managers earn higher salaries and receive more bonuses, hold higher positions, and are given more...
Persistent link: https://www.econbiz.de/10008468597