Bernhardt, Dan; Krasa, Stefan; Polborn, Mattias - CESifo - 2006
Many political commentators diagnose an increasing polarization of the U.S. electorate into two opposing camps. However … position of the median voter does not change. We show that media bias provides a mechanism through which political polarization … electoral outcomes. We show that polarization increases the profitability of slanting news, thereby raising the likelihood of …