Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance
AbstractRational individuals may use a Public Service TV channel as a welfare improving institution to solve the paradox of being uninformed. To induce voters to watch unbiased serious informational content 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 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 InfoPaper provided by Technische Universität Braunschweig, Economics Department in its series Economics Department Working Paper Series with number 9.
Date of creation: 2010
Date of revision:
Media Industry; voter behavior; two-sided markets; education;
Other versions of this item:
- Rothbauer, Julia & Sieg, Gernot, 2010. "Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance," MPRA Paper 27190, 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
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