Character Endorsements and Electoral Competition
研究了精英控制的媒体通过候选人背书推动自身意识形态议程时,政党如何策略性回应,以及这种互动对选民福利的影响。
When an elite-controlled media strategically endorses candidates in order to promote its own ideological agenda, office-seeking parties may completely pander to the media, under moderate ideological conflict between voters and the elite. Larger ideological conflict leads to polarization—parties either become media darlings or run populist campaigns. The welfare effects are: (i) delegation by the media owner to a more moderate editor is Pareto improving, (ii) the median voter is never better off delegating voting rights to the informed elite, (iii) a majority of voters may be better off if the informed media did not exist.