The Political Economy of News Media: Theory, Evidence and Open Issues

Handbook of Alternative Theories of Public Economics, Chelthenam, Edward Elgar Press, Forthcoming

45 Pages Posted: 23 Jan 2013 Last revised: 25 Oct 2013

See all articles by Francesco Sobbrio

Francesco Sobbrio

Luiss Guido Carli University; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: March 25, 2013

Abstract

This chapter provides a survey of the literature analyzing the political economy of news media. The survey discusses the effects of news media on political and public policy outcomes and the theory and evidence analyzing the distortions present in the market for news. I conclude by discussing some open research questions regarding the scope for public intervention in the market for news an issues relative to the internet and new media.

Keywords: Survey, Mass Media, Media Bias, Media Competition, Regulation, New Media, Internet

JEL Classification: D72, L82

Suggested Citation

Sobbrio, Francesco, The Political Economy of News Media: Theory, Evidence and Open Issues (March 25, 2013). Handbook of Alternative Theories of Public Economics, Chelthenam, Edward Elgar Press, Forthcoming, Available at SSRN: https://ssrn.com/abstract=2204473 or http://dx.doi.org/10.2139/ssrn.2204473

Francesco Sobbrio (Contact Author)

Luiss Guido Carli University ( email )

Viale Romania 32
Rome, Roma 00197
Italy

HOME PAGE: http://https://sites.google.com/site/francescosobbrio/

CESifo (Center for Economic Studies and Ifo Institute) ( email )

Poschinger Str. 5
Munich, DE-81679
Germany

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