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Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality?
“Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

Media

Are Newspapers Captured by Banks? Evidence From Italy

Luigi Zingales
The inaugural piece of a new ProMarket mini-paper series. Preamble In the intellectual debate there is a gap between academic papers and policy opinions, even those...
Media

Alan Rusbridger: “The Level of Scrutiny That the Press Would Apply to its Own Failures is Minimal”

Asher Schechter
ProMarket interview: Alan Rusbridger, former editor-in-chief of The Guardian, on media capture. In 2003, Rebekah Wade (now Brooks), the former editor of the British tabloid...
Media

What Makes M&A Reporters More Accurate?

Asher Schechter
A study by Kenneth R. Ahern and Denis Sosyura ranks M&A reporters based on their accuracy. Rumors and speculation have always been a part of...
Media

Study: Journalists’ Fear of Appearing Biased Benefits Special Interests

Asher Schechter
New study that looks into the media coverage of climate change finds that special interest groups often take advantage of journalists’ desire to present...
Media

The True Price of Media Capture: “We’ll Be Living in a State of Perpetual Shock and Amazement”

Asher Schechter
Journalist and media critic Dean Starkman, author of The Watchdog That Didn't Bark, speaks about capture in business media and explains how journalists missed the...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.