How can we measure media power?

Andrea Prat 22 August 2014

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The media industry is different

The media industry is undergoing a consolidation process. After the proposed merger between Comcast and Time Warner Cable, Rupert Murdoch’s Century Fox reportedly offered to buy Time Warner. The offer was rejected, but the prospect of a merger between two media groups of such size has reignited a public debate on the dangers of excessive media concentration.

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Topics:  Frontiers of economic research Microeconomic regulation Politics and economics

Tags:  voting, political influence, media power

How unequal is the European Parliament’s representation?

Anish Tailor, Nicolas Véron 21 May 2014

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This week’s European Parliament election (22–25 May) has several unprecedented features. Most importantly, the main pan-European parties are fielding lead candidates for European Commission President. Turning the election into a presidential horse race was intended to increase electoral participation and enhance the Parliament’s democratic legitimacy, even though it remains to be seen whether voters will actually see things this way.

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Topics:  EU institutions Politics and economics

Tags:  elections, democracy, EU, Inequality, voting, European parliament, treaty change

Will voters turn out in the 2014 European Parliamentary elections?

Owen McDougall, Ashoka Mody 17 May 2014

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The extent of voter turnout in the 2014 European Parliamentary (EP) election is widely viewed as a critical test for European democracy. Turnout in the EP elections has steadily declined over three decades, from 62% in the first election in 1979 to 43% in the 2009 election (EP Liaison Office undated). There is great concern that the legitimacy of the EU is at stake should there be a further slide in voter turnout.

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Topics:  EU institutions Politics and economics

Tags:  elections, ECB, democracy, EU, trust, voting, European parliament, turnout

Newspaper readership, civic attitudes, and economic development: Evidence from the history of African media

Julia Cagé, Valeria Rueda 14 May 2014

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Poor governance due to lack of political accountability is often cited as an explanation for the low level of economic development in sub-Saharan Africa. Lack of political accountability can emerge when voters do not choose their candidates according to their expected performance. In sub-Saharan Africa, voters often use the ethnic profile of a candidate as an informational shortcut for the candidate’s political agenda (Ichino and Nathan 2013). As a consequence, politicians rely on tribal allegiances that deliver the votes of co-ethnics irrespective of performance (Casey 2013).

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Topics:  Development Economic history Institutions and economics Politics and economics

Tags:  development, democracy, Africa, religion, technology, media, voting, accountability

How to address inequality

Jeffrey Frankel 29 April 2014

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Inequality has received a lot of attention lately, particularly in two arenas where it had not previously received as much: American public debate and the International Monetary Fund. A major driver is the observation in the US that income inequality has now returned to the extreme levels of the Gilded Age (Piketty 2014).

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Topics:  Politics and economics Poverty and income inequality

Tags:  US, Inequality, redistribution, voting, Political Economy

Say on pay in the UK: Modest effect, even after the crisis

Ian Gregory-Smith, Steve Thompson, Peter Wright 24 March 2014

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The extensive academic literature on the growth of executive compensation has tended to polarise around one of two positions: the rents-capture view and the optimal contracting approach. These analyses lead to very different positions on the value of a ‘say on pay’ policy:

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Topics:  Frontiers of economic research Labour markets Microeconomic regulation Poverty and income inequality

Tags:  voting, UK, executive pay, corporate governance, Executive compensation

What voters reward: Evidence from the 2009 Indian parliamentary elections

Poonam Gupta, Arvind Panagariya 17 March 2014

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Despite the intuitive appeal of the idea that good economic outcomes such as sustained rapid growth should help incumbents win elections, evidence on it has been scant, especially from developing countries. In one notable exception, Brender and Drazen (2008) use a comprehensive cross-country dataset spanning over 74 developed and developing democratic countries and 350 election episodes to examine whether GDP growth during the term in office or in the election year helps incumbents win elections.

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Topics:  Politics and economics

Tags:  democracy, India, voting

Voting to tell others

Stefano DellaVigna, John List, Ulrike Malmendier, Gautam Rao 05 March 2014

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Why do people vote? This seemingly simple question has intrigued social scientists for decades. The classical model of pivotal voting proposes that individuals vote because they may affect the outcome of the election (Downs 1957). But any single individual becomes very unlikely to affect the outcome of a large election, and yet people still vote in congressional and presidential elections.

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Topics:  Politics and economics

Tags:  voting, social image motivation to vote

Guns and votes: The victory of an intense minority against an apathetic majority

Laurent Bouton, Paola Conconi, Francisco J Pino, Maurizio Zanardi 09 December 2013

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On 14 December 2012, 20 children and six staff members were murdered in a shooting at Sandy Hook Elementary School in Newtown, Connecticut. Building on the surge in public support for gun control that followed this tragedy, President Obama announced the formation of a task force to provide immediate recommendations on how to introduce new gun regulations to end the “epidemic of gun violence shaking the nation.”

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Topics:  Politics and economics

Tags:  voting, gun control

Happiness and voting

Federica Liberini, Eugenio Proto, Michela Redoano 15 November 2013

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The idea that states should support and protect citizens’ wellbeing goes back at least two hundred and fifty years – as stated in the 1776 US Declaration of Independence.1

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Topics:  Frontiers of economic research Politics and economics

Tags:  happiness, voting, subjective wellbeing

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