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on Cultural Economics |
| By: | Yamamura, Eiji |
| Abstract: | Using cross-country data, this paper investigates how governance influenced views regarding the security of nuclear energy after the 2011 disasters in Japan. Key findings are: (1) citizens are less likely to agree that nuclear power plants are properly secured against accidents with the presence of a free media and higher levels of freedom of expression; and (2) freedom of expression and free media are positively associated with the presence of nuclear plants. These findings indicate that sufficient information leads citizens to both understand the risk of nuclear energy and to accept the existence of nuclear plants. |
| Keywords: | Natural disaster; Nuclear energy; Governance; Information asymmetry. |
| JEL: | H19 D73 D82 Q54 |
| Date: | 2011–06–28 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:32011&r=cul |
| By: | A. Blasco; F. Sobbrio |
| Abstract: | This paper reviews the empirical evidence on commercial media bias (i.e., advertisers inuence over news reports) and then introduces a simple model to summarize the main elements of the theoretical literature. The analysis provides three main policy insights for media regulators: i) Media regulators should target their monitoring efforts towards news contents upon which advertisers are likely to share similar preferences; ii) In advertising industries characterized by highly correlated products, an increase in the degree of competition may translate into a lower accuracy of news reports; iii) A sufficiently high degree of competition in the market for news may drive out commercial media bias. |
| JEL: | L13 L15 L82 D82 |
| Date: | 2011–06 |
| URL: | http://d.repec.org/n?u=RePEc:bol:bodewp:wp767&r=cul |