. We split the postwar decades in three periods: the catching-up period, the overt populism period of 1973-1993, and the … 1993-2008 of stealth populism. In each period, we identify the important players to see how they managed to forge a …. The covert populism of the last period used an unsustainable expansion of foreign borrowing to allow for an …

information if media technology is available because then they do not condition their informational decisions on being pivotal …. The model also shows that the quality of media coverage is inefficiently low because voters have incentives to free …

How do the media affect public support for democratic institutions in a fragile democracy? What role do they play in a …

market shares. We show that advertisement levels depend neither on the media price nor on the location of the media firm. An … increase in advertising revenues does not change location but only the media price. If the distribution of consumers is … asymmetric, market shares will be asymmetric as well, and the media firm with the larger market share charges the higher media …

This paper presents a model of media competition with free entry when media operators are financed both from … antagonist, is different if media operators impose a price or a quantity to advertisers. When consumers dislike advertising …, media operators are better off setting an advertising price than an advertising quantity. We establish a relationship …

We show that drought-induced changes in the intensity of riots lead to moves towards democracy in sub-Saharan Africa …