Political polarization and the electoral effects of media bias

Dan Bernhardt, Stefan Krasa, Mattias Polborn

Research output: Contribution to journalArticlepeer-review

Abstract

We develop a model in which profits of media firms depend on their audience ratings, and maximizing profits may involve catering to a partisan audience by suppressing information that the partisan audience does not like hearing. While voters are rational, understand the nature of the news suppression bias and update appropriately, important information is lost through bias and can lead to electoral mistakes. We characterize those conditions that give rise to electoral mistakes, showing that heightened political polarization and asymmetric distributions of voter ideologies make electoral mistakes more likely. Even if the median ideology is a centrist and centrist voters gain access to unbiased news, media bias can generate excessive "cross-over" voting, which, in turn, can lead to the election of the wrong candidate.

Original languageEnglish (US)
Pages (from-to)1092-1104
Number of pages13
JournalJournal of Public Economics
Volume92
Issue number5-6
DOIs
StatePublished - Jun 2008

Keywords

  • Democracy
  • Information aggregation
  • Media bias
  • Polarization

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Fingerprint Dive into the research topics of 'Political polarization and the electoral effects of media bias'. Together they form a unique fingerprint.

Cite this