Handbook of Media Economics, vol 1B

Handbook of Media Economics provides valuable information on a unique field that has its own theories, evidence, and policies. Understanding the media is important for society, and while new technologies are altering the media, they are also affecting our understanding of their economics.

The book spans the large scope of media economics, simultaneously offering in-depth analysis of particular topics, including the economics of why media are important, how media work (including financing sources, institutional settings, and regulation), what determines media content (including media bias), and the effects of new technologies. The book provides a powerful introduction for those interested in starting research in media economics.

Helps academic and non-academic economists understand recent rapid changes in theoretical and empirical advances, in structural empirical methods, and in the media industry's connection with the democratic processPresents the only detailed summary of media economics that emphasizes political economy, merger policy, and competition policyPays special attention to the economic influences of the Internet, including developments in social media, user-generated content, and advertising, as well as the Internet's effects on newspapers, radio, and television

I: Media Market Structure and Performance

1. Preference Externalities in Media Markets. Simon Anderson and Joel Waldfogel

2. Advertising Finance and Two Sided Business Models. Simon Anderson and Bruno Jullien

3. Empirics of Media Markets. Steven Berry and Joel Waldfogel

4. Economics of Advertising. Regis Renault

5. Audience Behavior and Ad Response. Ken Wilbur

6. Merger Policy and Regulation in Media Industries. Oystein Foros, Hans Jarle Kind and Lars Sorgard

II: Sectors

7. Television. Mark Armstrong and Greg Crawford

8. Radio. Andrew Sweeting

9. Newspapers and Magazines. Chandra Ambarish and Ulrich Kaiser

10. Media Economics of the Internet. Martin Peitz and Markus Reisinger

11. Privacy and the Internet. Catherine Tucker

12. User-Generated Content. Michael Luca

III: The Political Economy of Mass Media

13. Media Coverage and Influence on Government. David Stromberg

14. Media Bias in the Marketplace: Theory. Daniel Stone, Matthew Gentzkow and Jesse Shapiro

15. Media Bias in the Marketplace: Empirics. Riccardo Puglisi and James M. Snyder

16. Government Influence on Media: Theory. Andrea Prat

17. Government Influence on Media: Empirics. Ruben Enikolopov and Maria Petrova

18. The Role of Media in Finance. Paul Tetlock

19. Media and Social and Economic Outcome. Stefano Della Vigna and Eliana La Ferrara