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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52392

Falkinger, Josef (2008). Between Agora and Shopping Mall. Working paper series / Socioeconomic Institute No. 805, University of Zurich.

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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.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Socioeconomic Institute (former)
DDC:330 Economics
JEL Classification:D83, L86, H11
Language:English
Date:May 2008
Deposited On:29 Nov 2011 22:47
Last Modified:09 Jul 2012 05:04
Series Name:Working paper series / Socioeconomic Institute
Official URL:http://www.econ.uzh.ch/wp.html

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