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Media Sentiment and International Asset Prices
Fraiberger, Samuel P. - 2018
We investigate the relationship between media sentiment and international equity prices using a new dataset of 4 million news articles published between 1991 and 2015. Three key results emerge. First, news sentiment robustly predicts (future) daily returns around the world. However, we find a...
Persistent link: https://www.econbiz.de/10012906764
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Media Bias
Mullainathan, Sendhil; Shleifer, Andrei - 2021
There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet's attempt to simply create a memorable story. We examine...
Persistent link: https://www.econbiz.de/10013313316
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A Theory of Bundling Advertisements in Media Markets
Murphy, Kevin M. - 2017
perform in developed countries. We present a dynamic theory of commercial broadcasting where the media trade utility …
Persistent link: https://www.econbiz.de/10012966605
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Embezzlement Versus Bribery
Fan, C. Simon - 2010
Corrupt officials can use their positions to enrich themselves in two ways. They can steal from the state budget--embezzling or misspending funds--or they can demand extra payments from citizens in return for services--bribery. In many circumstances, embezzlement is less distortionary than...
Persistent link: https://www.econbiz.de/10013135875
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Democracy Undone. Systematic Minority Advantage in Competitive Vote Markets
Casella, Alessandra - 2012
We study the competitive equilibrium of a market for votes where voters can trade votes for a numeraire before making a decision via majority rule. The choice is binary and the number of supporters of either alternative is known. We identify a sufficient condition guaranteeing the existence of...
Persistent link: https://www.econbiz.de/10013097274
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Corruption
Banerjee, Abhijit V. - 2012
In this paper, we provide a new framework for analyzing corruption in public bureaucracies. The standard way to model … corruption is as an example of moral hazard, which then leads to a focus on better monitoring and stricter penalties with the … eradication of corruption as the final goal. We propose an alternative approach which emphasizes why corruption arises in the …
Persistent link: https://www.econbiz.de/10013108004
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Corruption, Intimidation, and Whistle-Blowing : A Theory of Inference from Unverifiable Reports
Chassang, Sylvain - 2014
possible to establish robust bounds on equilibrium corruption using only non-verifiable reports. Our analysis suggests a simple …
Persistent link: https://www.econbiz.de/10013050290
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Public Goods and Ethnic Diversity : Evidence from Deforestation in Indonesia
Alesina, Alberto F. - 2014
This paper shows that the level of deforestation in Indonesia is positively related to the degree of ethnic fractionalization at the district level. To identify a casual relation we exploit the exogenous timing of variations in the level of ethnic heterogeneity due to the creation of new...
Persistent link: https://www.econbiz.de/10013047014
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Trade, Insecurity, and Home Bias : an Empirical Investigation
Anderson, James E.; Marcouiller, Douglas - 2021
Corruption and imperfect contract enforcement dramatically reduce trade. This paper estimates the reduction, using a …
Persistent link: https://www.econbiz.de/10013215699
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Winning Isn'T Everything : Corruption in Sumo Wrestling
Duggan, Mark; Levitt, Steven D. - 2021
Although the theoretical literature on corruption is well developed, empirical work in this area has lagged because it … has proven difficult to isolate corrupt behavior in the data. In this paper, we look for evidence of corruption in an … stables play a role in facilitating the corruption. In times of increased media scrutiny, the match rigging disappears …
Persistent link: https://www.econbiz.de/10013231860