Using a two period agency model similar to Morris (2001), I analyze the change in government media bias when individual public has access to an imperfectly informed news outlet. I found that while greater information availability reduces the government's benefit from lying -- as more information...

A club's market size is not equivalent to its fan-base because the club collects gate receipts from fans affiliated to rival clubs, and thus indirectly shares its revenue source with other clubs. We trace the spending of individual fans and found that clubs with a smaller fan-base benefits more...