Biased media in an unbiased market

Graham Beattie ()

Economics Bulletin, 2017, vol. 37, issue 4, 2741-2752

Abstract: It is well documented that biased media coverage can arise because of biases on the part of consumers, media outlets, or advertisers. I present a model in which neither media outlets nor their consumers are biased. I show that biased coverage can occur if information is costly for media outlets to acquire.

Keywords: media bias; information acquisition; uncertainty; media economics; political economy (search for similar items in EconPapers)
JEL-codes: D8 H8 (search for similar items in EconPapers)
Date: 2017-12-01
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