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Hon Foong Cheah
''Does Foreign Media Entry Tempers Government Media Bias?''
( 2014, Vol. 34 No.1 )
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 limits government's ability to influence. It also lower its cost -- as it limits future ability to influence reducing the government's incentive to build reputation. Both effects counteract one another, reducing the decrease in government media bias.
Keywords: Government control of media, media bias, independent media
JEL: D8 - Information, Knowledge, and Uncertainty: General
Manuscript Received : Oct 29 2013 Manuscript Accepted : Mar 31 2014

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