Fixing What Ain't Broken through Public Service Broadcasting

Gernot Sieg and Torben Stühmeier
Authors registered in the RePEc Author Service: Torben Stuehmeier

FinanzArchiv: Public Finance Analysis, 2015, vol. 71, issue 4, 440-459

Abstract: This survey discusses the merits of public intervention in broadcasting markets. By means of a theoretical model, we derive cases of market imperfection in a two-sided market setup and survey the literature. We show that there is often no clear free-market bias in (for example) advertising levels, program quality, or channel diversity with respect to a socially optimal equilibrium. The economic literature paints a diverse picture of public provision of broadcasting. While public service broadcasting can indeed remedy some market failures, it may also exacerbate others. Thus, there is no simple rationale for public intervention in broadcasting markets based on the traditional theory of market failure.

Keywords: market failures; public service broadcasting; two-sided markets (search for similar items in EconPapers)
JEL-codes: D62 L13 L33 L82 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1628/001522108X14425626525083

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