Good Intentions, Bad Results: The Effects of Newspaper Subsidies on Journalistic Quality
News media play an irreplaceably important role in the successful working of democratic societies: they guarantee that citizens have access to information, are accurately informed, and actively take part in the political process. A crucial factor for the effective fulfillment of these democratic functions is an adequate level of journalistic quality.
KeywordsConsumption Capital Profit Function Marginal Return Regional Newspaper Marginal Revenue
We thank David Waterman, Paul Murschetz, Matthew Braham, and two anonymous referees for valuable comments and advice on earlier versions of this paper.
This contribution is based on Leroch and Wellbrock (2011). Saving Newspapers with Public Grants—The Effect of Press Subsidies on the Provision of Journalistic Quality. Information Economics and Policy, 23, 281–286. Permission to reuse is granted by Elsevier
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