We develop a tractable theory to study the impact of biased media on election outcomes, voter turnout and welfare. News … rise in media bias affects the election outcome in a non-monotonic way, and reduces voter welfare by decreasing the … elections, the former determines the election outcome, whereas the latter drives voter turnout. With a single media outlet, a …

election campaign models that do not support information manipulation in equilibrium, our paper rationalizes misleading …We provide a game-theoretical model of manipulative election campaigns with two political candidates and a continuum of …-efficient candidate wins the election even if she is more distant from the electorate than her opponent is. In contrast to the existing …

access only to friendly media outlets and denying access to critical ones. While an incumbent prefers positive bias, granting … access improves her re-election probability only if coverage is sufficiently credible in the eyes of the public. Information … gatekeeping can induce a quid pro quo relationship: media provides coverage with positive bias in exchange of future access …

We review the theoretical literature on market determinants of media bias. We present a theoretical framework that …

. Using hazard analysis, we show that bank failure is about 45% less likely in the year leading up to an election. Political … control (i.e. lack of competition) can explain all of this average election year fall in the hazard rate. In particular, we … simultaneous control of the upper- and lower-house of the state legislature (i.e. complete control) heading into an election …

This paper analyzes an election game where self-interested politicians can exploit the lack of information that voters …