Media, Markets and Institutional Change: Evidence from the Protestant Reformation

Jeremiah Dittmar and Skipper Seabold

CEP Discussion Papers from Centre for Economic Performance, LSE

Abstract: This research studies the role of competition in the diffusion of radical ideas and institutional change during the Protestant Reformation. We construct a new measure of religious content in the media using data on all known books and pamphlets printed in German-speaking Europe 1454-1600. We find that Protestant content was produced in greater quantity in local media markets with more competing firms when Martin Luther circulated his initial arguments for reform in 1517. We find that competition mattered differentially more for the diffusion of Protestant ideas and for institutional change where city governments had the least legal autonomy from feudal lords. We document the relationship between competition and diffusion directly and using the deaths of printers to isolate plausibly exogenous variation in competition. We show that cities where initial competition was greater, and which were more exposed to Protestant ideas, were more likely to adopt the legal institutions of the Reformation.

Keywords: competition; firms; media; technology; institutions; religion; politics; high-dimensional data (search for similar items in EconPapers)
JEL-codes: C55 D02 L82 N33 N94 O3 P48 Z12 (search for similar items in EconPapers)
Date: 2015-08
New Economics Papers: this item is included in nep-cul, nep-ger and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1367

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