Guo, Wen-Chung; Lai, Fu-Chuan - In: Journal of Economics 114 (2015) 3, pp. 291-308
This study addresses the role of government in reducing media bias that arises from the demand side. Introducing a public-interest media outlet reduces the equilibrium slants that would otherwise exist under laissez-faire. Subsidy for the truthful report and price regulation are designed to...