NBER Publications by Felix Oberholzer-Gee

Since the dawn of broadcasting, and especially in the past decade, Americans have turned their attention from local to more distant sources of news and entertainment. While the integration of media markets will raise the private welfare of many consumers, a globalized information and entertainment industry can undermine civic engagement, transforming locally engaged citizens into viewers consuming programming from distant sources. In response to such concerns, many regulatory agencies, including the Federal Communication Commission in the United States, curtail the integration of media markets to promote %u201Clocalism.%u201D Determining the right balance between the private benefits of integrated markets and the public value of civic engagement requires evidence on the size of the positiv...