Between Agora and Shopping Mall

Josef Falkinger

No 805, SOI - Working Papers from Socioeconomic Institute - University of Zurich

Abstract: Advertisements provide consumers with knowledge about private products, whereas political information is required to provide voters with knowledge of public issues. Modern information technologies and globalisation are increasing the exposure of individuals to information. Goods advertising is competing with political information for people's attention. This paper presents a politico-economic equilibrium model in which the tension between private and public agendas can be analysed. It is shown that in an information-rich society, international goods market integration tends to reduce the quality of public policy. Complementing economic integration with political integration can increase the gains from globalisation, though not in all cases.

Keywords: Globalisation; agenda-setting; information-rich societies; scarcity of attention; advertising (search for similar items in EconPapers)
JEL-codes: D83 H11 L86 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2008-05
New Economics Papers: this item is included in nep-cdm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.zora.uzh.ch/id/eprint/52392/1/wp0805.pdf first version, 2008 (application/pdf)

Related works:
Working Paper: Between Agora and Shopping Mall (2008)
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: https://EconPapers.repec.org/RePEc:soz:wpaper:0805

Access Statistics for this paper

More papers in SOI - Working Papers from Socioeconomic Institute - University of Zurich Contact information at EDIRC.
Bibliographic data for series maintained by Severin Oswald ().