Corruption Via Media Capture: The Effect of Competition
In this article, we compare a government's optimal choice of whether to engage in corruption by capturing the media outlets through bribery in two alternative media market structures: monopoly versus duopoly. While there is an extra bribe claimant in a media duopoly relative to monopoly, it may...
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| Published in | Southern economic journal Vol. 82; no. 4; pp. 1327 - 1348 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Stillwater
Blackwell Publishing Ltd
01.04.2016
Southern Economic Association |
| Subjects | |
| Online Access | Get full text |
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| Abstract | In this article, we compare a government's optimal choice of whether to engage in corruption by capturing the media outlets through bribery in two alternative media market structures: monopoly versus duopoly. While there is an extra bribe claimant in a media duopoly relative to monopoly, it may also be harder for each firm to individually expose corruption when the rival co-opts with the government. We find that when the latter effect is stronger than the former, media is captured at lower bribes under duopoly relative to monopoly and in such instances media competition facilitates rather than hindering corruption. |
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| AbstractList | In this article, we compare a government's optimal choice of whether to engage in corruption by capturing the media outlets through bribery in two alternative media market structures: monopoly versus duopoly. While there is an extra bribe claimant in a media duopoly relative to monopoly, it may also be harder for each firm to individually expose corruption when the rival co-opts with the government. We find that when the latter effect is stronger than the former, media is captured at lower bribes under duopoly relative to monopoly and in such instances media competition facilitates rather than hindering corruption. Reprinted by permission of Southern Economic Association In this article, we compare a government's optimal choice of whether to engage in corruption by capturing the media outlets through bribery in two alternative media market structures: monopoly versus duopoly. While there is an extra bribe claimant in a media duopoly relative to monopoly, it may also be harder for each firm to individually expose corruption when the rival co-opts with the government. We find that when the latter effect is stronger than the former, media is captured at lower bribes under duopoly relative to monopoly and in such instances media competition facilitates rather than hindering corruption. |
| Author | Vaidya, Samarth Gupta, Rupayan |
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| References_xml | – year: 2011 – volume: 3 start-page: 119 year: 2011 end-page: 51 article-title: Government advertising and media coverage of corruption scandals publication-title: American Economic Journal: Applied Economics – volume: 6 start-page: 159 year: 2014 end-page: 88 article-title: Meet the press: How voters and politicians respond to newspaper entry and exit publication-title: American Economic Journal: Applied Economics – volume: 21 start-page: 667 year: 2005 end-page: 87 article-title: Corruption in the media's gaze publication-title: European Journal of Political Economy – volume: 28 start-page: 469 year: 2012 end-page: 84 article-title: Corruption scandals, voter information and accountability publication-title: European Journal of Political Economy – year: 2005 – volume: 90 start-page: 37 year: 2006 end-page: 58 article-title: Media capture in a democracy: The role of wealth concentration publication-title: Journal of Public Economics – volume: 34 start-page: 1 year: 2005 end-page: 25 article-title: The dirt on coming clean: Perverse effects of disclosing conflicts of interest publication-title: Journal of Legal Studies – volume: 45 start-page: 629 year: 2001 end-page: 40 article-title: Political agency, government responsiveness and the role of the media publication-title: European Economic Review – volume: 51 start-page: 465 year: 2012 end-page: 86 article-title: Persuasion as a contest publication-title: Economic Theory – volume: 75 start-page: 1045 year: 2009 end-page: 66 article-title: The perception of correlation in investment decisions publication-title: Southern Economic Journal – year: 2000 – volume: 45 start-page: 71 year: 2007 end-page: 110 article-title: Wealth transfer effects of analysts’ misleading behavior publication-title: Journal of Accounting Research – volume: 45 start-page: 652 year: 2001 end-page: 63 article-title: Mass media and public policy publication-title: European Economic Review – volume: 105 start-page: 1634 year: 2015 end-page: 45 article-title: Correlation neglect, voting behavior and information aggregation publication-title: American Economic Review – volume: 1 start-page: 263 year: 2009 end-page: 324 article-title: Extremism and social learning publication-title: Journal of Legal Analysis – volume: 23 start-page: 838 year: 2007 end-page: 62 article-title: A contribution to the empirics of press freedom and corruption publication-title: European Journal of Political Economy – volume: 105 start-page: 504 year: 2015 end-page: 35 article-title: Overconfidence in political behavior publication-title: American Economic Review – volume: 18 start-page: 69 year: 2004 end-page: 92 article-title: How to subvert democracy: Montesinos in Peru publication-title: Journal of Economic Perspectives – start-page: 135 year: 2013 end-page: 87 – volume: 22 start-page: 133 year: 2008 end-page: 54 article-title: Competition and truth in the market for news publication-title: Journal of Economic Perspectives – volume: 123 start-page: 703 year: 2008 end-page: 45 article-title: Exposing corrupt politicians: The effects of Brazil's publicly released audits on electoral outcomes publication-title: Quarterly Journal of Economics – volume: 115 start-page: 18 year: 2014 end-page: 36 article-title: Sunshine as disinfectant: The effect of state Freedom of Information act laws on public corruption publication-title: Journal of Public Economics – year: 1988 – volume: 85 start-page: 457 year: 2007 end-page: 89 article-title: Are small investors naive about incentives? publication-title: Journal of Financial Economics – volume: 103 start-page: 1598 year: 2013 end-page: 628 article-title: Ownership consolidation and product characteristics: A Study of the U.S. daily newspaper market publication-title: American Economic Review – volume: 7 start-page: 229 year: 2006 end-page: 43 article-title: The nature of corruption deterrence in a competitive media sector publication-title: Economics of Governance – volume: 96 start-page: 720 year: 2006 end-page: 36 article-title: Handcuffs for the grabbing hand? Media capture and government accountability publication-title: American Economic Review – volume: 92 start-page: 183 year: 2008 end-page: 212 article-title: Inequality and media capture publication-title: Journal of Public Economics – volume: 42 start-page: 1 year: 1987 end-page: 12 article-title: Coalition‐proof Nash equilibria I. Concepts publication-title: Journal of Economic Theory – year: 2015 – year: 2013 – year: 1999 |
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| SubjectTerms | Bribery Competition Corruption in government D72 D73 H89 K42 Mass media |
| Title | Corruption Via Media Capture: The Effect of Competition |
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