Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance

Julia Rothbauer and Gernot Sieg

MPRA Paper from University Library of Munich, Germany

Abstract: Rational individuals may use a Public Service TV channel as welfare improving institution to solve the paradox of rationally being uninformed. To induce voters to watch unbiased serious informational contend 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 already 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.

Keywords: Media Industry; voter behavior; two-sided markets; education (search for similar items in EconPapers)
JEL-codes: D72 L32 L82 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-spo
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https://mpra.ub.uni-muenchen.de/27190/1/MPRA_paper_27190.pdf original version (application/pdf)

Related works:
Journal Article: Public Service Broadcasting of Sport, Shows, and News to Mitigate Rational Ignorance (2013)
Working Paper: Public service broadcasting of sport, shows, and news as economic solution to the voter's paradox of rational ignorance (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27190

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