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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Between Agora and Shopping Mall
Organization Unit
Authors
  • Josef Falkinger
Language
  • English
Institution University of Zurich
Series Name Working paper series / Socioeconomic Institute
Number No. 805
Date 2008
Abstract Text 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.
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