Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76201
Authors: 
Falkinger, Josef
Year of Publication: 
2008
Series/Report no.: 
Working Paper, Socioeconomic Institute, University of Zurich 0805
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.
Subjects: 
globalisation
agenda-setting
information-rich societies
scarcity of attention
advertising
JEL: 
D83
L86
H11
Document Type: 
Working Paper

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