A Market Failure Perspective on Value Creation in PSM

Christian Edelvold Berg, Gregory Ferrell Lowe, Anker Brink Lund

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    Public service media is present in most countries because public intervention of this kind compensates market-failure by providing merit goods that are not provided by commercial players to the public writ large. Nonetheless, PSM is often regarded as a negative for private media providers in electronic media. This chapter outlines the market failure thesis to consider the ways and degrees to which it is still valid for broadcasting (PSB), and important whether there are grounds for its application in broadband (PSM).
    Original languageEnglish
    Title of host publicationThe Value of Public Service Media : RIPE@2013
    EditorsGregory Ferrell Lowe, Fiona Martin
    Place of PublicationGöteborg
    Publication date2014
    ISBN (Print)9789186523848
    Publication statusPublished - 2014
    SeriesRIPE Readers on PSM

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