Vaidya, Samarth; Gupta, Rupayan - Deakin University, Faculty of Business and Law, School … - 2007
In this paper, we present a general model of media capture where a government attempts to buy-out media firms in order to engage in corruption with relative immunity. In particular, we relax the assumption made by Besley and Prat (2005) that each firm would individually be able to completely...