Silence the media or the story? Theory and evidence of media capture
研究媒体俘获的两种形式：内部俘获（影响调查）和外部俘获（压制报道），并利用巴拿马文件作为冲击，验证了感知腐败对两种俘获形式的不同影响。
We propose a new theory of media capture where a principal can either influence journalistic investigation (internal capture) or let the media investigate and suppress stories at the publication stage (external capture). We predict that the likelihood of internal capture increases with perceived corruption. Conversely, external capture increases with perceived corruption if the number of media outlets is large enough and decreases otherwise. Exploiting new survey data from Reporters Without Borders, we use the Panama Papers as a shock to perceived corruption to provide empirical support for our two predictions.