
handle: 10419/76201 , 10419/35137
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.
L86, globalisation, Globalisation, Medienverhalten, information-rich societies, 10007 Department of Economics, Globalisierung, Mediennutzung, Public Choice, agenda-setting, SOI Socioeconomic Institute (former), H11, Wahrnehmung, advertising, ddc:330, Wissensgesellschaft, Allgemeines Gleichgewicht, 330 Economics, Neue politische Ökonomie, Staatliche Information, D83, Globalisation, agenda-setting, information-rich societies, scarcity of attention, advertising, Wettbewerb, globalisation, agenda-setting, information-rich societies, scarcity of attention, advertising, Informationsgesellschaft, scarcity of attention, Werbung, Theorie, jel: jel:D83, jel: jel:L86, jel: jel:H11
L86, globalisation, Globalisation, Medienverhalten, information-rich societies, 10007 Department of Economics, Globalisierung, Mediennutzung, Public Choice, agenda-setting, SOI Socioeconomic Institute (former), H11, Wahrnehmung, advertising, ddc:330, Wissensgesellschaft, Allgemeines Gleichgewicht, 330 Economics, Neue politische Ökonomie, Staatliche Information, D83, Globalisation, agenda-setting, information-rich societies, scarcity of attention, advertising, Wettbewerb, globalisation, agenda-setting, information-rich societies, scarcity of attention, advertising, Informationsgesellschaft, scarcity of attention, Werbung, Theorie, jel: jel:D83, jel: jel:L86, jel: jel:H11
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