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This paper investigates the relationship between media manipulation, the strategic suppression of relevant information by mass media, and self-mediatization, the strategic exploitation of media coverage by candidates, in elections. In the model, a voter cannot directly observe the policies...
Persistent link: https://www.econbiz.de/10012937439
leader concerned about his reputation may therefore prefer to work with a person unlikely to do Right. -- Reputation ; team …
Persistent link: https://www.econbiz.de/10009502700
The modern Condorcet jury theorem states that under weak conditions, when voters have common interests, elections will aggregate information when the population is large, in any equilibrium. Here, we study the performance of large elections with population uncertainty. We find that the modern...
Persistent link: https://www.econbiz.de/10012806603
A well-known shortcoming of rational voter models is that the equilibrium probability that an individual votes converges to zero as the population of citizens tends to infinity. We show that this does not - as is often suggested - imply that equilibrium voter turnout is insignificant in the...
Persistent link: https://www.econbiz.de/10014065015
Persistent link: https://www.econbiz.de/10014025202
We develop a model to study the political economy implications of information gatekeeping, i.e., a policy of granting 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...
Persistent link: https://www.econbiz.de/10011824212
's effective ability; however, the distortions may be increasing in the incumbent's reputation of expertise on his signature issue. …
Persistent link: https://www.econbiz.de/10011491375
This paper studies the reliability of financial reporting when the credibility of the manager, represented by his … misreporting propensity, is unknown. We show that credibility concerns affect the time-series of reported earnings, book values …, and stock prices in ways that seem consistent with empirical evidence. When investors are uncertain about the credibility …
Persistent link: https://www.econbiz.de/10011646596
Media revenues are an important determinant of media behavior. It is generally accepted that news coverage depends not only on the preferences of media consumers but also on the preferences of advertisers or subsidizing groups. However, existing models reach the opposite conclusions about the...
Persistent link: https://www.econbiz.de/10014216834
Using text-based media content, this paper develops and empirically confirms a theory that explains how the media predicts takeover outcomes. It shows that positive media content about the acquirer predicts takeover success. Relative to other predictors proposed in the literature, the media...
Persistent link: https://www.econbiz.de/10013008806