Della Vigna, Stefano; Durante, Ruben; Knight, Brian; La … - C.E.P.R. Discussion Papers - 2014
not required to divest business holdings. We examine the evolution of advertising spending by firms over the period 1994 … advertising budget towards Berlusconi's channels when Berlusconi is in power. Indeed, we document a significant pro-Mediaset bias … in the allocation of advertising spending during Berlusconi's political tenure. This pattern is especially pronounced for …