TY - JOUR PY - 2014// TI - Parents, television and cultural change JO - Economic journal A1 - Immordino, Giovanni A1 - Hauk, Esther SP - 1040 EP - 1065 VL - 124 IS - 579 N2 - We develop a model of cultural transmission where television plays a role in socialisation. We study the coverage of different cultural traits by a profit-maximising TV industry and the resulting cultural dynamics. A monopolist covers both traits, but grants more coverage to the most profitable group. In a competitive TV industry each channel specialises on one trait. This might lead to cultural extinction, but only for sufficiently large majorities. Cultural extinction is more likely in a competitive than in a monopolistic TV industry. Overall our model predicts that cultural extinction can only occur under very special circumstances.
Language: en
LA - en SN - 0013-0133 UR - http://dx.doi.org/10.1111/ecoj.12078 ID - ref1 ER -