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Fixing What Ain't Broken through Public Service Broadcasting

Author

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  • Gernot Sieg
  • Torben Stühmeier

Abstract

This survey discusses the merits of public intervention in broadcasting markets. By means of a theoretical model, we derive cases of market imperfection in a two-sided market setup and survey the literature. We show that there is often no clear free-market bias in (for example) advertising levels, program quality, or channel diversity with respect to a socially optimal equilibrium. The economic literature paints a diverse picture of public provision of broadcasting. While public service broadcasting can indeed remedy some market failures, it may also exacerbate others. Thus, there is no simple rationale for public intervention in broadcasting markets based on the traditional theory of market failure.

Suggested Citation

  • Gernot Sieg & Torben Stühmeier, 2015. "Fixing What Ain't Broken through Public Service Broadcasting," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 71(4), pages 440-459, December.
    • Handle: RePEc:mhr:finarc:urn:sici:0015-2218(201512)71:4_440:fwabtp_2.0.tx_2-g
    DOI: 10.1628/001522108X14425626525083
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    More about this item

    Keywords

    market failures; public service broadcasting; two-sided markets;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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