This paper 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, and issues relative to the internet and new media.
Sobbrio, F., The political economy of news media: theory, evidence and open issues, A Handbook of Alternative Theories of Public Economics, Edward Elgar Publishing, Cheltenham 2014: 278-320. 10.4337/9781781004715.00021 [http://hdl.handle.net/10807/61195]
The political economy of news media: theory, evidence and open issues
Sobbrio, Francesco
2014
Abstract
This paper 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, and issues relative to the internet and new media.
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