Public radio in the United States: does it correct market failure or cannibalize commercial stations?

• 成果类型: Article
• 署名作者: Berry, ST; Waldfogel, J
• 署名单位: University of Pennsylvania; National Bureau of Economic Research; Yale University
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(98)00070-X
• 发表日期: 1999
• 页码: 189-211
• 关键词: crowding out; entry; market failure; public goods; public radio

摘要

Because broadcasters can capture only part of the value of their product as revenue, there is the potential for a classic problem of underprovision. Whether public support corrects a marker failure depends on whether the market would have provided similar services in the absence of public broadcasting. We address these questions by asking whether public and commercial classical stations compete for Listening share and revenue as well as whether public stations crowd out commercial stations. We find evidence that public broadcasting crowds out commercial programming in large markets, particularly in classical music and to a lesser extent in jazz. (C) 1999 Elsevier Science S.A. All rights reserved.