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Media Goods Between Economic and Cultural Assets

In: Handbook of Media and Communication Economics

Author

Listed:
  • Jürgen Heinrich

    (Dortmund University of Technology)

Abstract

As economic goods, the media should achieve the goal of optimal allocation, and as cultural goods, the goal of optimal control of politics. Both are only imperfectly achieved under the regime of the market, above all because property rights to information and to the result of control can only be insufficiently justified and because the market cannot guarantee a diverse production of opinion. Regulation is hardly possible because the requirement of state neutrality excludes publicly regulated media production and because the media reception necessary for the control of politics cannot be enforced.

Suggested Citation

  • Jürgen Heinrich, 2024. "Media Goods Between Economic and Cultural Assets," Springer Books, in: Jan Krone & Tassilo Pellegrini (ed.), Handbook of Media and Communication Economics, pages 139-157, Springer.
  • Handle: RePEc:spr:sprchp:978-3-658-39909-2_8
    DOI: 10.1007/978-3-658-39909-2_8
    as

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