3. Conclusion
This study develops a simple game to demonstrate that, regarding political issues, newspapers tend toward the same coverage strategies, which may lead society to a collective failure, in which information regarding the superior policy is excluded from the news, the inferior policy ultimately gets implemented, and, in this way, overall social welfare is harmed. In the game, media outlets are concerned about building a reputation for predicting and reporting winning policies. These policies are decided by non-partisan voters, whose policy choices are jointly determined by mass media’s collective coverage and the proportion of partisan voters who post policy information on social networks. Our results imply that mass media places a very influential role in determining public policies through manipulating the information non-partisans receive. In the scenario where social media is incorporated, newspapers tend to coordinate their coverage strategies, even on an inferior policy, in order to increase their influence among non-partisan audiences.
This work adds insight to studies that aim to answer questions regarding the effects of mass media on public policies, where media bias comes from, and the effects of social media on mass media coverage strategies for political issues. Specifically, this model studies the effects of mass media on non-partisan audiences and public policies, as well as, through incorporating the role of social media, the effects of partisan audiences on mass media coverage. Future research is still required on these three questions, especially the effects of social media on mass media coverage and political outcomes, given the current media and political environment.