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During the past two centuries, major technological breakthroughs such as the steam engine and electricity have acted as the catalysts for growth and have resulted in a marked increase in material well-being. The dominant technology today - information and communication technology (ICT) - does not seem to drive growth as effectively and has coincided with an apparent increase in wage inequality. This book provides explanations of these two characteristics of modern economies and analyses them from both an individual and integrated perspective. Richard Nahuis explores and combines the seemingly separate phenomena of wage inequality between high-skilled and low-skilled workers, and the relative...
This discussion paper analyses how technological trends affect the economic rationale for Public Service Broadcasting in Europe. Eight possible market failures from the specific economic characteristics of information are derived. The conclusion is that the public service broadcasting for the digital age should be light in the sense that it has a much smaller mandate.
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