Watchdog versus yes man: News source and media competition
研究了当权力机构同时是媒体依赖的新闻来源时,媒体监督功能如何被削弱,模型显示新闻来源会导致亲来源偏见,并可能损害消费者利益。
Watchdog journalism, the idea that independent media outlets monitor people in power, can be undermined when the people in power serve as news sources on which the media rely. By developing a model of media competition with a strategic news source, we show that the presence of a news source creates pro-source biases; the coexistence of neutral watchdogs and biased yes men arises as an outcome of mixed strategy equilibrium. This bias can make the presence of a news source harmful to consumers.