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Between Agora and Shopping Mall

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  • Josef Falkinger

    ()
    (Socioeconomic Institute, University of Zurich)

Abstract

Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is competing with political information for people's attention. This paper presents a politico-economic equilibrium model in which the tension between private and public agendas can be analysed. It is shown that in an information-rich society, international goods market integration tends to reduce the quality of public policy. Complementing economic integration with political integration can increase the gains from globalisation, though not in all cases.

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File URL: http://www.soi.uzh.ch/research/wp/2008/wp0805.pdf
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Bibliographic Info

Paper provided by Socioeconomic Institute - University of Zurich in its series SOI - Working Papers with number 0805.

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Length: 31 pages
Date of creation: May 2008
Date of revision:
Handle: RePEc:soz:wpaper:0805

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Keywords: Globalisation; agenda-setting; information-rich societies; scarcity of attention; advertising;

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References

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Cited by:
  1. Donja Darai & Dario Sacco & Armin Schmutzler, 2009. "Competition and Innovation: An Experimental Investigation," SOI - Working Papers, Socioeconomic Institute - University of Zurich 0608, Socioeconomic Institute - University of Zurich, revised Apr 2007.
  2. Dario Sacco & Armin Schmutzler, 2008. "All-Pay Auctions with Negative Prize Externalities: Theory and Experimental Evidence," SOI - Working Papers, Socioeconomic Institute - University of Zurich 0806, Socioeconomic Institute - University of Zurich.

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