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    Lobbying in Disguise
    (2024-07-02)
    Stefano Carattini
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    The ability of private interests to influence the political process is an important topic in economics and political science. While some of these efforts appear as campaign finance and lobbying expenditures in the official record, private interests may also engage in “covert” influence through media capture. In this paper, we systematically examine whether and to what extent corporations in the United States with interests in slowing climate action might have used corporate advertisements in media outlets as a strategic tool to align such outlets’ coverage with their particular interests. Based on several complementary empirical strategies, we find that advertisement spending from such actors (i) increases during election periods and (ii) is associated with less and more skeptical leaning coverage of climate change.
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    Lobbying in Disguise
    (2023-06-02)
    Stefano Carattini
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    We present (preliminary) evidence that seems consistent with "lobbying in disguise": - Markedly higher advertising spending by Koch Industries and big oil companies during crucial political periods - Newspaper coverage responses following inflows of fossil fuel advertising
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