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Author Info

  • 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
File Function: first version, 2008
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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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Related research

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

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References

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  1. Helga Fehr & Thomas Epper & Adrian Bruhin & Renate Schubert, 2007. "Risk and Rationality: The Effect of Incidental Mood on Probability Weighting," SOI - Working Papers 0703, Socioeconomic Institute - University of Zurich.
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  22. Stefan Boes, 2007. "Count Data Models with Unobserved Heterogeneity: An Empirical Likelihood Approach," SOI - Working Papers 0704, Socioeconomic Institute - University of Zurich.
  23. Adrian Bruhin & Rainer Winkelmann, 2007. "Happiness Functions with Preference Interdependence and Heterogeneity: The Case of Altruism within the Family," SOI - Working Papers 0702, Socioeconomic Institute - University of Zurich, revised Feb 2008.
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  26. Felix Schlaepfer, 2007. "An analysis of the Swiss vote on the use of genetically modified crops," SOI - Working Papers 0717, Socioeconomic Institute - University of Zurich.
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  29. 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.
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Citations

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Cited by:
  1. Dario Sacco & Armin Schmutzler, 2008. "Competition and Innovation: An Experimental Investigation," SOI - Working Papers 0807, Socioeconomic Institute - University of Zurich.
  2. Dario Sacco & Armin Schmutzler, 2008. "All-Pay Auctions with Negative Prize Externalities: Theory and Experimental Evidence," SOI - Working Papers 0806, Socioeconomic Institute - University of Zurich.

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