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Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance

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  • Rothbauer, Julia
  • Sieg, Gernot

Abstract

Rational 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 Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27190.

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Date of creation: 2010
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Handle: RePEc:pra:mprapa:27190

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Keywords: Media Industry; voter behavior; two-sided markets; education;

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  1. Djankov, Simeon & et al, 2003. "Who Owns the Media?," Journal of Law and Economics, University of Chicago Press, vol. 46(2), pages 341-81, October.
  2. Rochet, Jean-Charles & Tirole, Jean, 2003. "Platform Competition in Two-Sided Markets," Open Access publications from University of Toulouse 1 Capitole http://neeo.univ-tlse1.fr, University of Toulouse 1 Capitole.
  3. Matthew Gentzkow & Jesse M. Shapiro, 2008. "Competition and Truth in the Market for News," Journal of Economic Perspectives, American Economic Association, vol. 22(2), pages 133-154, Spring.
  4. Matthew Gentzkow, 2006. "Television and Voter Turnout," The Quarterly Journal of Economics, MIT Press, vol. 121(3), pages 931-972, 08.
  5. Mark Armstrong, 2006. "Competition in two‐sided markets," RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 668-691, 09.
  6. Prat, Andrea & Strömberg, David, 2005. "Commercial Television and Voter Information," CEPR Discussion Papers 4989, C.E.P.R. Discussion Papers.
  7. David Dreyer Lassen, 2004. "The Effect of Information on Voter Turnout: Evidence from a Natural Experiment," EPRU Working Paper Series 04-03, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
  8. Mark Armstrong & Helen Weeds, 2005. "Public Service Broadcasting in the Digital World," Industrial Organization 0507010, EconWPA.
  9. Matsusaka, John G & Palda, Filip, 1999. " Voter Turnout: How Much Can We Explain?," Public Choice, Springer, vol. 98(3-4), pages 431-46, March.
  10. Harry Arne Solberg, 2007. "COMMENTARY: Sports Broadcasting: Is it a Job for Public Service Broadcasters?-A Welfare Economic Perspective," Journal of Media Economics, Taylor and Francis Journals, vol. 20(4), pages 289-309.
  11. Matsusaka, John G, 1995. " Explaining Voter Turnout Patterns: An Information Theory," Public Choice, Springer, vol. 84(1-2), pages 91-117, July.
  12. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
  13. Bryan Caplan, 2002. "Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy," Economic Journal, Royal Economic Society, vol. 112(479), pages 433-458, April.
  14. Sendhil Mullainathan & Andrei Shleifer, 2005. "The Market for News," American Economic Review, American Economic Association, vol. 95(4), pages 1031-1053, September.
  15. Mark Armstrong, 2005. "Public service broadcasting," Fiscal Studies, Institute for Fiscal Studies, vol. 26(3), pages 281-299, September.
  16. repec:bla:restud:v:72:y:2005:i:4:p:947-972 is not listed on IDEAS
  17. Massimo Motta & Michele Polo, 1997. "Concentration and public policies in the broadcasting industry: the future of television," Economic Policy, CEPR & CES & MSH, vol. 12(25), pages 293-334, October.
  18. Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December.
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