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Responsive democracy and commercial media

journal contribution
posted on 2023-02-20, 02:04 authored by SP Ghosh, N Jain, Ć Martinelli, J Roy
In an election over two policies, public mood swings whereby voters move ideologically towards a particular policy should never hurt its electoral performance. We find that this fundamental monotonicity property of preference aggregation cannot be guaranteed in the presence of a commercial media. When such a media outlet supplies news about policy-relevant uncertainty, mood swings affect demand for information. This in turn alters news quality, changing interim preferences and votes that can crowd out the ideological gain of the favored policy.

History

Journal

Economics Letters

Volume

222

Article number

110961

Pagination

110961-110961

ISSN

0165-1765

Language

en

Publication classification

C1.1 Refereed article in a scholarly journal

Publisher

Elsevier BV

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