Andina-Díaz, Ascensión; García-Martínez, José A. - Departamento de Teoría e Historia Económica, Facultad … - 2014
This paper proposes a theory of media silence. The argument is that news organizations have the power to raise public concern and so affect the probability that there is ex-post verification of the true state of the world. Built on the literature of career concerns, we consider a newspaper that...