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The New Competition in Broadcasting: Trick or Treat?
Author(s) -
Deakin Simon,
Pratten Stephen
Publication year - 2000
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00253
Subject(s) - competition (biology) , broadcasting (networking) , production (economics) , ideal (ethics) , service (business) , quality (philosophy) , business , database transaction , transaction cost , industrial organization , public broadcasting , market economy , economics , advertising , marketing , political science , microeconomics , finance , computer science , law , computer security , ecology , biology , philosophy , programming language , epistemology
The broadcasting reforms of the 1990s attempted to combine increased competition with the preservation of the public service ideal. The reforms were called into question when it became clear that the production quality was being undermined by poor information flows and excessive transaction costs. For competition in broadcasting to flourish, closer attention needs to be paid tothe institutional preconditions of effective contracting.