Public Service Broadcasting of Sport, Shows, and News to Mitigate Rational Ignorance
AbstractRational individuals may use a tax or license-fee financed public service TV channel to mitigate the paradox of rational ignorance. The approach presented in this article assumes that increased consumption of information by voters improves democratic decisions, but marginal returns decrease. Depending on how fast marginal returns decrease, the public service TV channel broadcasts either only (unbiased serious) news or, to induce voters to watch the informational content, sports and shows (entertainment) as well.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Media Economics.
Volume (Year): 26 (2013)
Issue (Month): 1 (March)
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Other versions of this item:
- Rothbauer, Julia & Sieg, Gernot, 2010. "Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance," MPRA Paper 27190, University Library of Munich, Germany.
- Rothbauer, Julia & Sieg, Gernot, 2010. "Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance," Economics Department Working Paper Series 9, Technische Universität Braunschweig, Economics Department.
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
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