Media Power

40 Pages Posted: 10 Nov 2017

See all articles by Andrea Prat

Andrea Prat

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

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Date Written: January 27, 2017

Abstract

This paper defines the power of a media organization as its ability to induce voters to make electoral decisions they would not make if reporting were unbiased. It derives a robust upper bound to media power over a range of assumptions about the beliefs and attention patterns of voters. The paper then presents estimates of the power index for the US and shows how these can inform merger analysis and other policy debates.

Keywords: media power, media concentration

JEL Classification: L82

Suggested Citation

Prat, Andrea, Media Power (January 27, 2017). Columbia Business School Research Paper No. 17-107. Available at SSRN: https://ssrn.com/abstract=3067129 or http://dx.doi.org/10.2139/ssrn.3067129

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

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