From marketing and advertising to political campaigning and court proceedings, contending parties expend resources to persuade an audience of the correctness of their view. We examine how the probability of persuading the audience depends on the resources expended by the parties, so that...

In this paper I analyze the economic incentives that govern the strategic relationship between the government and the independent media using a consistent analytical framework. The analysis focuses on the extent to which the ‘free’ press can act as a deterrent to corruption in governance. I...