Between agora and shopping mall

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 3524

Classification and Topics

• Classification: Wirtschaft ; Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
• Subject: Globalisation ; agenda-setting ; information-rich societies ; scarcity of attention ; advertising ; Werbung ; Staatliche Information ; Wettbewerb ; Wahrnehmung ; Medienverhalten ; Public Choice ; Allgemeines Gleichgewicht ; Globalisierung ; Informationsgesellschaft ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Falkinger, Josef
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/35137
• URN: urn:nbn:de:101:1-20080605194
• Last update: 10.03.2025, 11:42 AM CET