Media Bias in the Marketplace: Theory

Matthew Aaron Gentzkow · Jesse M. Shapiro

122 citations0/0 files storedNational Bureau of Economic Research

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Media Influence and Politics Journalism and Media Studies Media Studies and Communication

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.

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1998Confirmation Bias: A Ubiquitous Phenomenon in Many Guises 1979Biased assimilation and attitude polarization: The effects of prior theories on subsequently considered evidence.1982Strategic Information Transmission 1957An Economic Theory of Political Action in a Democracy 1986Price and Advertising Signals of Product Quality 2010What Drives Media Slant? Evidence From U.S. Daily Newspapers 2005The Market for News 2006Handcuffs for the Grabbing Hand? Media Capture and Government Accountability

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