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
Date Written: March 25, 2013
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: Suggested Citation