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- W1513923522 abstract "Voters use the press to keep politicians accountable. By endogenizing the response of the voters, this paper provides a theoretical foundation to disentangle the effects of media regulation on corruption and clarify under which circumstances regulation reduces or increases corruption. The analysis shows that libel laws can reduce political corruption only if the moral hazard problem dominates adverse selection and the punishment for the defamer is large enough to deter the publication of well-founded scandals. In this case, libel laws act as a substitute for an optimal re-election rule to which voters commit ex ante." @default.
- W1513923522 created "2016-06-24" @default.
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- W1513923522 date "2012-01-01" @default.
- W1513923522 modified "2023-09-25" @default.
- W1513923522 title "The Sound of Silence: Anti-Defamation Law and Political Corruption" @default.
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- W1513923522 doi "https://doi.org/10.2139/ssrn.2028738" @default.
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