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.
| Original language | English |
|---|---|
| Article number | 110961 |
| Journal | Economics Letters |
| Volume | 222 |
| Early online date | 12 Dec 2022 |
| DOIs | |
| Publication status | Published - 31 Jan 2023 |
Bibliographical note
Funding Information:Saptarshi P. Ghosh gratefully acknowledges the financial support from the Science and Engineering Research Board Government of India under grant number DST MTR/2019/001483 .
Funding
Saptarshi P. Ghosh gratefully acknowledges the financial support from the Science and Engineering Research Board Government of India under grant number DST MTR/2019/001483 .
Keywords
- Aggregate uncertainty
- Commercial media
- Electoral monotonicity
- Mood swings
ASJC Scopus subject areas
- Finance
- Economics and Econometrics
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