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Public Service Broadcasting of Sport, Shows, and News to Mitigate Rational Ignorance

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  • Julia Rothbauer
  • Gernot Sieg
Abstract
Rational individuals may use a tax or license-fee financed public service TV channel to mitigate the paradox of rational ignorance. The approach presented in this article assumes that increased consumption of information by voters improves democratic decisions, but marginal returns decrease. Depending on how fast marginal returns decrease, the public service TV channel broadcasts either only (unbiased serious) news or, to induce voters to watch the informational content, sports and shows (entertainment) as well.

Suggested Citation

  • Julia Rothbauer & Gernot Sieg, 2013. "Public Service Broadcasting of Sport, Shows, and News to Mitigate Rational Ignorance," Journal of Media Economics, Taylor & Francis Journals, vol. 26(1), pages 21-40, March.
    • Handle: RePEc:taf:jmedec:v:26:y:2013:i:1:p:21-40
    DOI: 10.1080/08997764.2012.755985
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    1. Garcia Pires Armando J., 2020. "Content Provision in the Media Market with Single-Homing and Multi-Homing Consumers," Review of Network Economics, De Gruyter, vol. 19(1), pages 43-83, March.
    2. Rothbauer, Julia & Sieg, Gernot, 2011. "Welfare effects of public service broadcasting in a free-to-air TV market," Economics Department Working Paper Series 13, Technische Universität Braunschweig, Economics Department.

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    More about this item

    JEL classification:

    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior

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