Between Agora and Shopping Mall
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.Download Info
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.Bibliographic Info
Paper provided by University of Zurich, Socioeconomic Institute in its series Working Papers with number 0805.Length: 31 pages
Date of creation: May 2008
Date of revision:
Handle: RePEc:soz:wpaper:0805
Contact details of provider:
Postal: Blümlisalpstrasse 10, CH-8006 Zürich
Phone: +41-1-634 22 05
Fax: +41-1-634 49 07
Email:
Web page: http://www.soi.uzh.ch/
More information through EDIRC
Related research
Keywords: Globalisation; agenda-setting; information-rich societies; scarcity of attention; advertising;Other versions of this item:
- Falkinger, Josef, 2008. "Between Agora and Shopping Mall," IZA Discussion Papers 3524, Institute for the Study of Labor (IZA).
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-05-10 (All new papers)
- NEP-CDM-2008-05-10 (Collective Decision-Making)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Dennis Gaertner & Armin Schmutzler, 2006.
"Merger Negotiations and Ex-Post Regret,"
Working Papers
0607, University of Zurich, Socioeconomic Institute, revised Dec 2007.
- Gärtner, Dennis L. & Schmutzler, Armin, 2009. "Merger negotiations and ex-post regret," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1636-1664, July.
- Gärtner, Dennis & Schmutzler, Armin, 2006. "Merger Negotiations and Ex-Post Regret," CEPR Discussion Papers 5911, C.E.P.R. Discussion Papers.
- Rafael Lalive & Armin Schmutzler, 2005.
"Exploring the Effects of Competition for Railway Markets,"
Working Papers
0511, University of Zurich, Socioeconomic Institute, revised Apr 2007.
- Lalive, Rafael & Schmutzler, Armin, 2008. "Exploring the effects of competition for railway markets," International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 443-458, March.
- Hans Gersbach & Armin Schmutzler, 2006.
"Foreign Direct Investment and R&D offshoring,"
Working Papers
0606, University of Zurich, Socioeconomic Institute.
- Hans Gersbach & Armin Schmutzler, 2011. "Foreign direct investment and R&D-offshoring," Oxford Economic Papers, Oxford University Press, vol. 63(1), pages 134-157, January.
- Gersbach, Hans & Schmutzler, Armin, 2006. "Foreign Direct Investment and R&D Offshoring," CEPR Discussion Papers 5766, C.E.P.R. Discussion Papers.
- Gersbach, Hans & Schmutzler, Armin, 2007.
"Does Globalization Create Superstars?,"
CEPR Discussion Papers
6222, C.E.P.R. Discussion Papers.
- Hans Gersbach & Armin Schmutzler, 2007. "Does Globalization Create Superstars?," Working Papers 0706, University of Zurich, Socioeconomic Institute.
- Halbheer, Daniel & Fehr, Ernst & Goette, Lorenz & Schmutzler, Armin, 2009.
"Self-reinforcing market dominance,"
Games and Economic Behavior,
Elsevier, vol. 67(2), pages 481-502, November.
- Daniel Halbheer & Ernst Fehr & Lorenz Goette & Armin Schmutzler, . "Self-Reinforcing Market Dominance," Working Papers 0094, University of Zurich, Institute for Strategy and Business Economics (ISU).
- Daniel Halbheer & Ernst Fehr & Lorenz Goette & Armin Schmutzler, 2007. "Self-Reinforcing Market Dominance," Working Papers 0711, University of Zurich, Socioeconomic Institute.
- Adrian Bruhin & Helga Fehr-Duda & Thomas Epper, 2010.
"Risk and Rationality: Uncovering Heterogeneity in Probability Distortion,"
Econometrica,
Econometric Society, vol. 78(4), pages 1375-1412, 07.
- Adrian Bruhin & Helga Fehr-Duda & Thomas Epper, 2007. "Risk and Rationality: Uncovering Heterogeneity in Probability Distortion," Working Papers 0705, University of Zurich, Socioeconomic Institute, revised Jul 2007.
- Helga Fehr-Duda & Adrian Bruhin & Thomas Epper & Renate Schubert, 2010.
"Rationality on the rise: Why relative risk aversion increases with stake size,"
Journal of Risk and Uncertainty,
Springer, vol. 40(2), pages 147-180, April.
- Helga Fehr-Duda & Adrian Bruhin & Thomas Epper & Renate Schubert, 2007. "Rationality on the Rise: Why Relative Risk Aversion Increases with Stake Size," Working Papers 0708, University of Zurich, Socioeconomic Institute, revised Feb 2008.
- Dario Sacco & Armin Schmutzler, 2008.
"Competition and Innovation: An Experimental Investigation,"
Working Papers
0807, University of Zurich, Socioeconomic Institute.
- Donja Darai & Dario Sacco & Armin Schmutzler, 2010. "Competition and innovation: an experimental investigation," Experimental Economics, Springer, vol. 13(4), pages 439-460, December.
- Donja Darai & Dario Sacco & Armin Schmutzler, 2009. "Competition and Innovation: An Experimental Investigation," Working Papers 0608, University of Zurich, Socioeconomic Institute, revised Apr 2007.
- Felix Schlaepfer, 2007.
"Contingent valuation: a new perspective,"
Working Papers
0715, University of Zurich, Socioeconomic Institute.
- Schlapfer, Felix, 2008. "Contingent valuation: A new perspective," Ecological Economics, Elsevier, vol. 64(4), pages 729-740, February.
- Rafael Lalive & Armin Schmutzler, 2006.
"Entry in liberalized railway markets: The German experience,"
Working Papers
0609, University of Zurich, Socioeconomic Institute, revised Apr 2007.
- Rafael Lalive & Armin Schmutzler, 2008. "Entry in Liberalized Railway Markets: The German Experience," Review of Network Economics, De Gruyter, vol. 7(1), pages 3.
- Sandra Hanslin, 2008. "The effect of trade openness on optimal government size under endogenous firm entry," Working Papers 0802, University of Zurich, Socioeconomic Institute.
- Stefan Boes & Kevin Staub & Rainer Winkelmann, 2007. "Hedonic Adaptation to Living Standards and the Hidden Cost of Parental Income," Working Papers 0713, University of Zurich, Socioeconomic Institute.
- Stefan Boes, 2007. "Nonparametric Analysis of Treatment Effects in Ordered Response Models," Working Papers 0709, University of Zurich, Socioeconomic Institute.
- Alesina, Alberto & Spolaore, Enrico, 1997.
"On the Number and Size of Nations,"
The Quarterly Journal of Economics,
MIT Press, vol. 112(4), pages 1027-56, November.
- Alberto Alesina & Enrico Spolaore, 1995. "On the Number and Size of Nations," NBER Working Papers 5050, National Bureau of Economic Research, Inc.
- Stefan Boes & Rainer Winkelmann, 2006. "The Effect of Income on Positive and Negative Subjective Well-Being," Working Papers 0605, University of Zurich, Socioeconomic Institute.
- Schmutzler, Armin, 2010.
"The relation between competition and innovation -- Why is it such a mess?,"
CEPR Discussion Papers
7640, C.E.P.R. Discussion Papers.
- Armin Schmutzler, 2007. "The relation between competition and innovation – Why is it such a mess?," Working Papers 0716, University of Zurich, Socioeconomic Institute, revised Jan 2010.
- Fabian Waltert & Felix Schlaepfer, 2007. "The role of landscape amenities in regional development: a survey of migration, regional economic and hedonic pricing studies," Working Papers 0710, University of Zurich, Socioeconomic Institute.
- Hans Gersbach & Armin Schmutzler, 2006. "A Product-Market Theory of Industry-Specific Training," Working Papers 0610, University of Zurich, Socioeconomic Institute.
- Stefan Boes & Markus Lipp & Rainer Winkelmann, 2005.
"Money Illusion Under Test,"
Working Papers
0514, University of Zurich, Socioeconomic Institute.
- Boes, Stefan & Lipp, Markus & Winkelmann, Rainer, 2007. "Money illusion under test," Economics Letters, Elsevier, vol. 94(3), pages 332-337, March.
- Adrian Bruhin & Rainer Winkelmann, 2007.
"Happiness Functions with Preference Interdependence and Heterogeneity: The Case of Altruism within the Family,"
Working Papers
0702, University of Zurich, Socioeconomic Institute, revised Feb 2008.
- Adrian Bruhin & Rainer Winkelmann, 2009. "Happiness functions with preference interdependence and heterogeneity: the case of altruism within the family," Journal of Population Economics, Springer, vol. 22(4), pages 1063-1080, October.
- Olivier, Jacques & Thoenig, Mathias & Verdier, Thierry, 2008. "Globalization and the dynamics of cultural identity," Journal of International Economics, Elsevier, vol. 76(2), pages 356-370, December.
- Stefan Boes, 2007. "Count Data Models with Unobserved Heterogeneity: An Empirical Likelihood Approach," Working Papers 0704, University of Zurich, Socioeconomic Institute.
- Helga Fehr & Thomas Epper & Adrian Bruhin & Renate Schubert, 2007. "Risk and Rationality: The Effect of Incidental Mood on Probability Weighting," Working Papers 0703, University of Zurich, Socioeconomic Institute.
- Philippe Mahler & Rainer Winkelmann, 2005.
"Single Motherhood and (Un)Equal EducationalOpportunities: Evidence for Germany,"
Working Papers
0512, University of Zurich, Socioeconomic Institute.
- Mahler, Philippe & Winkelmann, Rainer, 2004. "Single Motherhood and (Un)Equal Educational Opportunities: Evidence for Germany," IZA Discussion Papers 1391, Institute for the Study of Labor (IZA).
- Felix Schlaepfer, 2007. "An analysis of the Swiss vote on the use of genetically modified crops," Working Papers 0717, University of Zurich, Socioeconomic Institute.
- Stefan Buehler & Christian Kaiser & Franz Jaeger, 2007. "On the Geographic and Cultural Determinants of Bankruptcy," Working Papers 0701, University of Zurich, Socioeconomic Institute, revised Jun 2007.
- Adrian Bruhin, 2008. "Stochastic Expected Utility and Prospect Theory in a Horse Race: A Finite Mixture Approach," Working Papers 0803, University of Zurich, Socioeconomic Institute.
- Josef Falkinger, 2008. "Limited Attention as a Scarce Resource in Information-Rich Economies," Economic Journal, Royal Economic Society, vol. 118(532), pages 1596-1620, October.
- Dennis Gaertner, 2007. "Why Bayes Rules: A Note on Bayesian vs. Classical Inference in Regime Switching Models," Working Papers 0719, University of Zurich, Socioeconomic Institute.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Donja Darai & Dario Sacco & Armin Schmutzler, 2009.
"Competition and Innovation: An Experimental Investigation,"
Working Papers
0608, University of Zurich, Socioeconomic Institute, revised Apr 2007.
- Donja Darai & Dario Sacco & Armin Schmutzler, 2010. "Competition and innovation: an experimental investigation," Experimental Economics, Springer, vol. 13(4), pages 439-460, December.
- Dario Sacco & Armin Schmutzler, 2008. "Competition and Innovation: An Experimental Investigation," Working Papers 0807, University of Zurich, Socioeconomic Institute.
- Dario Sacco & Armin Schmutzler, 2008. "All-Pay Auctions with Negative Prize Externalities: Theory and Experimental Evidence," Working Papers 0806, University of Zurich, Socioeconomic Institute.
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:soz:wpaper:0805For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marita Kieser).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.

