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Welfare Effects of Public Service Broadcasting in a Free-to-Air TV Market
Social Science Research Network
Viewer's private information consumption generates external benefits for society, because information improves the ability of voters to control politicians. Our study compares two settings in a free-to-air TV market: a differentiated duopoly of private channels and an oligopoly with both private channels and a public service broadcaster broadcasting information as well as entertainment programs. We find that welfare effects of public service broadcasting depend on its program design and costdoi:10.2139/ssrn.1935910 fatcat:wgbvjqzdlvgdlmclgl3exqwcna