Public service broadcasting
Mark Armstrong
Fiscal Studies, 2005, vol. 26, issue 3, 281-299
Abstract:
This essay discusses the merits of public intervention in the provision of television broadcasting services. I argue that intervention was justified in the past, when there were just a few channels and when advertising was the sole source of commercial funds. However, the advent of subscription television overcomes many of the market failures that once existed. Moreover, asymmetric treatment of broadcasters acts to distort the incentives of commercial broadcasters. Finally, viewers have an increasing ability to avoid unappealing, but perhaps socially desirable, content, which further weakens the case for public intervention in the market.
JEL-codes: D62 L15 L33 L82 (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:fistud:v:26:y:2005:i:3:p:281-299
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