Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35137
Authors: 
Falkinger, Josef
Year of Publication: 
2008
Series/Report no.: 
IZA Discussion Papers 3524
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 globalization 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.
Subjects: 
Globalisation
agenda-setting
information-rich societies
scarcity of attention
advertising
JEL: 
D83
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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