Economics at your fingertips  

Markets and linguistic diversity

Ramon Caminal ()

Journal of Economic Behavior & Organization, 2010, vol. 76, issue 3, 774-790

Abstract: Abstract Producers of cultural goods and media products can make their specific contents available to their audiences and readerships only through a particular language. The choice of language is a non-trivial decision in markets with bilingual or multilingual consumers. In this paper I argue that, the very existence of bilingual consumers may seriously bias market outcomes against minority languages. In particular, I show that the level of linguistic diversity determined by profit maximizing firms tends to be inefficiently low, except when and where the cost of producing a second linguistic version becomes sufficiently low. Thus, the model provides an efficiency argument supporting policies that protect the presence of minority languages in these markets.

Keywords: Product; variety; Language; Translation (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Markets and Linguistic Diversity (2010) Downloads
Working Paper: Markets and linguistic diversity (2009) Downloads
Working Paper: Markets and linguistic diversity (2009) Downloads
Working Paper: Markets and linguistic diversity (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D.

More articles in Journal of Economic Behavior & Organization from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Page updated 2021-10-13
Handle: RePEc:eee:jeborg:v:76:y:2010:i:3:p:774-790