Welfare effects of public service broadcasting in a free-to-air TV market
AbstractViewer's private information consumption generates external benefits for society, because information improves the ability of voters to control politicians. Our study compares two settings in a free-to-air TV market: a differentiated duopoly of private channels and an oligopoly with both private channels and a public service broadcaster broadcasting information as well as entertainment programs. We find that welfare effects of public service broadcasting depend on its program design and cost efficiency, the external benefits of voter's information, and the magnitude of lost rents from the advertising market. --
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Bibliographic InfoPaper provided by Technische Universität Braunschweig, Economics Department in its series Economics Department Working Paper Series with number 13.
Date of creation: 2011
Date of revision:
Media; two-sided TV market; information externalities;
Other versions of this item:
- Sieg, Gernot & Rothbauer, Jula, 2013. "Welfare Effects of Public Service Broadcasting in a Free-to-Air TV Market," Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79800, Verein für Socialpolitik / German Economic Association.
- Rothbauer, Julia & Sieg, Gernot, 2011. "Welfare effects of public service broadcasting in a free-to-air TV market," MPRA Paper 33779, University Library of Munich, Germany.
- 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
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-21 (All new papers)
- NEP-COM-2011-11-21 (Industrial Competition)
- NEP-CTA-2011-11-21 (Contract Theory & Applications)
- NEP-CUL-2011-11-21 (Cultural Economics)
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