Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance
AbstractRational individuals may use a Public Service TV channel as welfare improving institution to solve the paradox of rationally being uninformed. To induce voters to watch unbiased serious informational contend the Public Service TV channel is not only broadcasting (unbiased serious) news but also sport and shows even though in many markets sport and shows are already broadcasted by private TV channels. Our approach is based on two-sided markets and the assumption of decreasing marginal returns of the factor information in the production process of democratic decisions.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 27190.
Date of creation: 2010
Date of revision:
Media Industry; voter behavior; two-sided markets; education;
Other versions of this item:
- Julia Rothbauer & Gernot Sieg, 2013. "Public Service Broadcasting of Sport, Shows, and News to Mitigate Rational Ignorance," Journal of Media Economics, Taylor & Francis Journals, vol. 26(1), pages 21-40, March.
- 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.
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
- 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
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