Media Goods Between Economic and Cultural Assets

Jürgen Heinrich (juergen.heinrich@udo.edu)
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Jürgen Heinrich: Dortmund University of Technology

A chapter in Handbook of Media and Communication Economics, 2024, pp 139-157 from Springer

Abstract: Abstract As economic goods, the media should achieve the goal of optimal allocation, and as cultural goods, the goal of optimal control of politics. Both are only imperfectly achieved under the regime of the market, above all because property rights to information and to the result of control can only be insufficiently justified and because the market cannot guarantee a diverse production of opinion. Regulation is hardly possible because the requirement of state neutrality excludes publicly regulated media production and because the media reception necessary for the control of politics cannot be enforced.

Keywords: Public sphere; Market; Market failure; Diversity of opinion; Media regulation (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-658-39909-2_8

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