Responsive democracy and commercial media
Saptarshi P. Ghosh,
Nidhi Jain,
Cesar Martinelli and
Jaideep Roy
Economics Letters, 2023, vol. 222, issue C
Abstract:
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.
Keywords: Mood swings; Aggregate uncertainty; Commercial media; Electoral monotonicity (search for similar items in EconPapers)
JEL-codes: D02 D72 D82 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:222:y:2023:i:c:s0165176522004359
DOI: 10.1016/j.econlet.2022.110961
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