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040 _aMSU
_bEnglish
_cMSU
_erda
050 _aHB73 JOU
100 1 _aDyck, Alexander
_eauthor
245 1 0 _aMedia versus special interests
_cby Alexander Dyck, David Moss and Luigi Zingales
264 _aChicago:
_bUniversity of Chicago Press;
_c2013.
336 _2rdacontent
_atext
_btxt
337 _2rdamedia
_aunmediated
_bn
338 _2rdacarrier
_avolume
_bnc
440 _aThe Journal of Law and Economics
_vVolume 56, number 3
520 _aWe argue that profit-maximizing media help to overcome the rational ignorance problem highlighted by Anthony Downs. By collecting news and combining it with entertainment, media are able to inform passive voters about regulation and other public policy issues, acting as a (partial) counterbalance to small but well-organized groups. To show the impact this information has on regulation, we document the effect muckraking magazines had on the voting patterns of U.S. representatives and senators on regulatory issues in the early part of the twentieth century. We also discuss the conditions under which media can serve to counterbalance special interests.
650 _aMedia
_xPublic policy
700 1 _aMoss, David
_eco-author
700 1 _aZingales, Luigi
_eco-author
856 _uhttps://doi.org/10.1086/673216
942 _2lcc
_cJA
999 _c163888
_d163888