We argue that profit-maximizing media help overcome the problem of "rational ignorance" highlighted by Downs (1957) and … combining it with entertainment, media are able to inform passive voters on politically relevant issues. To show the impact this ….S. representatives and senators in the early part of the 20th century. We also show under what conditions profit-maximizing media will …

We compare the advertising intensity and content of programming in a market with competing media platforms. With pay …-tv media platforms have two sources of revenues, advertising revenues and revenues from viewers. With free-to-air media …

In this Paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that … anecdotal and systematic evidence that media affect companies’ policy toward the environment and the amount of corporate …

private agents to be successful--and much of this communication is channeled through the media. This is especially true for … decisions are reported upon in the print media. We find that media coverage is, among other things, influenced by the amount of … information communicated by the ECB. There are, however, also indications of a critical monitoring role assumed by the media …

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 …

How far can the media undermine democratic institutions, and how persuasive can media be in ensuring public support for …

This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers …