Working Paper: NBER ID: w19880
Authors: Matthew Gentzkow; Jesse M. Shapiro; Daniel F. Stone
Abstract: We review the theoretical literature on market determinants of media bias. We present a theoretical framework that organizes many key themes in the literature, and discuss substantive lessons.
Keywords: media bias; market determinants; political outcomes
JEL Codes: D21
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| owner preferences (R21) | media reporting bias (C83) |
| competition among media firms (L13) | less biased reporting (C83) |
| consumer preferences (D11) | selection of biased news reports (C52) |
| competition among media firms (L13) | consumer welfare (D69) |