Public Radio in the United States: Does It Correct Market Failure or Cannibalize Commercial Stations?
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Radio signals are pure public goods whose total value to society is the sum of their value to advertisers and listeners. Because broadcasters can capture only part of the value of their product as revenue, there is the potential for a classic problem of underprovision. Small markets have much less
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美国国家经济研究局创建时间：
1997-06-01
