More Choice Is Always Better
In: Economic Ideas You Should Forget, S. 11-12
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In: Economic Ideas You Should Forget, S. 11-12
Recent literature emphasizes the importance of independent media for beneficial political, economic and social outcomes. I investigate how media consumers react to state ownership of TV stations and the regulation and financing of these public broadcasters. The empirical results show that a higher share of state-owned TV stations is associated with lower TV consumption, both in total and with regard to news and information only. The negative effects of state ownership are larger when the public stations are regulated by a Ministry as opposed to a more independent regulatory body. When public broadcasters are subject to selfregulation only, there is even a positive association between the share of state ownership and TV consumption. The negative effects of state ownership and total TV consumption A but not news and information consumption A are also smaller when the share of commercial income of public broadcasters is higher. The results are consistent with the view that political influence leads mainly to less attractive news information broadcasting whereas public funding leads to a less attractive entertainment spectrum but not to less attractive news.
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We exploit a recent change in voting procedures in one of the two chambers of the Swiss parliament to explore how transparency affects the votes of Members of Parliament (MPs). Until 2013, the Council of States (St nderat) decided by hand rising. While publicly observable at the time of the vote, MPs decisions could only be verified through time-consuming screening of online videos ex post. In 2014 - in the middle of the legislation period, the chamber switched to electronic voting. As MPs decisions are available online, transparency and observability of MP voting increased. Our analysis is based on individual voting behavior from all final passage votes in the 2011-2015 legislation period. In a difference-in-difference framework, the larger chamber, the National Council (Nationalrat), serves as control group. Voting procedures in the latter have not changed since 2007, the legislative text is identical in both chambers. After the reform, members of the Council of States are significantly less likely to deviate from their party line. We also observe a higher probability to abstain even though a strong party line exists. Our results are in line with increased observability of MP votes and higher conformity pressure from parties and party groups.
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We use a change in the voting procedures of one of the two chambers of the Swiss parliament to explore how transparency affects the voting behavior of its members. Until 2013, the Council of States (Ständerat) had voted by a show of hands. While publicly observable at the time of the vote, legislators' decisions could only be verified ex post through the time-consuming screening of online videos. In 2014, halfway through the legislative period, the chamber switched to electronic voting. Since then, the individual votes of legislators have become more transparent and observable as their votes are now recorded electronically and, in some cases, published online. Our analysis is based on individual voting behavior in all final passage votes during the 2011-2015 legislative period. In a difference-in-difference framework, the larger chamber, the National Council (Nationalrat), serves as a control group. Not only have the voting procedures of the National Council remained unchanged since 2007 but also the legislative texts on which both chambers vote are the same. This unique framework makes it possible to estimate the causal effects of voting procedures on legislators' choices. Since the voting system reform, members of the Council of States are significantly less likely to deviate from their party line. Our results reflect the increased observability of legislators' votes and the greater conformity pressure exerted by political parties, as easier monitoring enables them to enforce discipline among their members.
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In: CESifo Working Paper Series No. 5682
SSRN
Working paper
In: The B.E. journal of economic analysis & policy, Band 10, Heft 1
ISSN: 1935-1682
Abstract
Standard economic theory suggests that more choice is usually better. We address this claim and investigate whether people can cope with the increasing number of television programs and watch the amount of TV they find optimal for themselves or whether they are prone to over-consumption. We find that heavy TV viewers do not benefit but instead report lower life satisfaction with access to more TV channels. This finding suggests that an identifiable group of individuals experiences a self-control problem when it comes to TV viewing.
In: The journal of politics: JOP, Band 85, Heft 2, S. 684-700
ISSN: 1468-2508
In: CESifo Working Paper No. 8868
SSRN
Working paper
This paper empirically explores the link between mass media coverage of migration and immigration worries. Using detailed data on media coverage in Germany, we show that the amount of media reports regarding migration issues is positively associated with concerns about immigration among the German population. The association is robust to the inclusion of time-variant individual control variables and individual fixed-effects. We employ media spillovers from the neighboring country of Switzerland, which occur due to referendum decisions on immigration as an instrumental variable to address endogeneity concerns. The IV estimates suggest that media coverage has a causal impact on immigration worries. Exploring heterogeneous effects between respondents, the results reveal that the link between media reports and immigration worries is particularly relevant for women and respondents active in the workforce.
BASE
This paper empirically explores the link between mass media coverage of migration and immigration worries. Using detailed data on media coverage in Germany, we show that the amount of media reports regarding migration issues is positively associated with concerns about immigration among the German population. The association is robust to the inclusion of time-variant individual control variables and individual fixed-effects. We employ media spillovers from the neighboring country of Switzerland, which occur due to referendum decisions on immigration as an instrumental variable to address endogeneity concerns. The IV estimates suggest that media coverage has a causal impact on immigration worries. Exploring heterogeneous effects between respondents, the results reveal that the link between media reports and immigration worries is particularly relevant for women and respondents active in the workforce.
BASE
This paper empirically explores the link between mass media coverage of migration and immigration worries. Using detailed data on media coverage in Germany, we show that the amount of media reports regarding migration issues is positively associated with concerns about immigration among the German population. The association is robust to the inclusion of time-variant individual control variables and individual fixed-effects. We employ media spillovers from the neighboring country of Switzerland, which occur due to referendum decisions on immigration as an instrumental variable to address endogeneity concerns. The IV estimates suggest that media coverage has a causal impact on immigration worries. Exploring heterogeneous effects between respondents, the results reveal that the link between media reports and immigration worries is particularly relevant for women and respondents active in the workforce.
BASE
In: Munich lectures in economics
In this text a leading economist discusses the potential of happiness research (the qualification of well-being) to answer important questions that standard economics methods are unable to analyze. Emphasizing empirical evidence rather than theoretical conjectures, Frey substantiates the need for happiness research.