The Political Economy of Mass Media

60 Pages Posted: 21 Feb 2011

See all articles by Andrea Prat

Andrea Prat

Columbia Business School - Finance and Economics; Centre for Economic Policy Research (CEPR)

David Strömberg

Stockholm University - Institute for International Economic Studies (IIES); Centre for Economic Policy Research (CEPR)

Date Written: February 2011

Abstract

We review the burgeoning political economy literature on the influence of mass media on politics and policy. This survey, which covers both theory and empirics, is organized along four main themes: transparency, capture, informative coverage, and ideological bias. We distill some general lessons and identify some open questions.

Keywords: mass media, political economy

JEL Classification: D7

Suggested Citation

Prat, Andrea and Strömberg, David, The Political Economy of Mass Media (February 2011). CEPR Discussion Paper No. DP8246, Available at SSRN: https://ssrn.com/abstract=1763655

Andrea Prat (Contact Author)

Columbia Business School - Finance and Economics ( email )

3022 Broadway
New York, NY 10027
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

David Strömberg

Stockholm University - Institute for International Economic Studies (IIES) ( email )

Stockholm, SE-10691
Sweden
+46 816 4376 (Phone)
+46 816 1443 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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