Simon Anderson is Commonwealth Professor of Economics at the University of Virginia. He has published on advertising, search and information, price dispersion, media economics, and industrial organization. Joel Waldfogel is Frederick R. Kappell Chair in Applied Economics. Previously the Ehrenkranz Family Professor of Business and Public Policy at the Wharton School, University of Pennsylvania, he has conducted empirical studies of price advertising, media markets, and issues related to digital products. A Professor at the Institute for International Economic Studies, David Stromberg is also a Research Affiliate in the Public Policy Program at the Center for Economic and Policy Research in Washington, DC. He has published on the influence exerted by media on public policy.

"This Handbook provides a very useful overview of the economic literature on the media, a literature that has grown tremendously in the last few decades. Now we will have one single place to go when in need of accessing state-of the-art knowledge in this research area. It is particularly welcome that the editors have collected surveys both across the various media industries and across the main market-structure and political-economy issues." --Tore Nilssen, University of Oslo"At last the long-awaited handbook on the economics of media! Despite 15 years of high quality research, the field has suffered from the lack of systematic and comprehensive presentation. This handbook not only illustrates the basic economic forces shaping traditional and new media markets but also analyses the relationship between media markets and politics. I plan to use it in my graduate and doctoral courses. It will also help academics considering new research in the field." --Lapo Filistrucchi, University of Florence and Tilburg University

• I: Media Market Structure and Performance1. 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 Renault5. Audience Behavior and Ad Response. Ken Wilbur 6. Merger Policy and Regulation in Media Industries. Oystein Foros, Hans Jarle Kind and Lars Sorgard II: Sectors7. Television. Mark Armstrong and Greg Crawford 8. Radio. Andrew Sweeting9. 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 Tucker12. User-Generated Content. Michael LucaIII: The Political Economy of Mass Media13. Media Coverage and Influence on Government. David Stromberg14. 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 Prat17. Government Influence on Media: Empirics. Ruben Enikolopov and Maria Petrova 18. The Role of Media in Finance. Paul Tetlock19. Media and Social and Economic Outcome. Stefano Della Vigna and Eliana La Ferrara

Simon Anderson is Commonwealth Professor of Economics at the University of Virginia. He has published on advertising, search and information, price dispersion, media economics, and industrial organization. Joel Waldfogel is Frederick R. Kappell Chair in Applied Economics. Previously the Ehrenkranz Family Professor of Business and Public Policy at the Wharton School, University of Pennsylvania, he has conducted empirical studies of price advertising, media markets, and issues related to digital products. A Professor at the Institute for International Economic Studies, David Stromberg is also a Research Affiliate in the Public Policy Program at the Center for Economic and Policy Research in Washington, DC. He has published on the influence exerted by media on public policy.

"This Handbook provides a very useful overview of the economic literature on the media, a literature that has grown tremendously in the last few decades. Now we will have one single place to go when in need of accessing state-of the-art knowledge in this research area. It is particularly welcome that the editors have collected surveys both across the various media industries and across the main market-structure and political-economy issues." --Tore Nilssen, University of Oslo"At last the long-awaited handbook on the economics of media! Despite 15 years of high quality research, the field has suffered from the lack of systematic and comprehensive presentation. This handbook not only illustrates the basic economic forces shaping traditional and new media markets but also analyses the relationship between media markets and politics. I plan to use it in my graduate and doctoral courses. It will also help academics considering new research in the field." --Lapo Filistrucchi, University of Florence and Tilburg University

• I: Media Market Structure and Performance1. 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 Renault5. Audience Behavior and Ad Response. Ken Wilbur 6. Merger Policy and Regulation in Media Industries. Oystein Foros, Hans Jarle Kind and Lars Sorgard II: Sectors7. Television. Mark Armstrong and Greg Crawford 8. Radio. Andrew Sweeting9. 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 Tucker12. User-Generated Content. Michael LucaIII: The Political Economy of Mass Media13. Media Coverage and Influence on Government. David Stromberg14. 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 Prat17. Government Influence on Media: Empirics. Ruben Enikolopov and Maria Petrova 18. The Role of Media in Finance. Paul Tetlock19. Media and Social and Economic Outcome. Stefano Della Vigna and Eliana La Ferrara

Simon Anderson is Commonwealth Professor of Economics at the University of Virginia. He has published on advertising, search and information, price dispersion, media economics, and industrial organization. Joel Waldfogel is Frederick R. Kappell Chair in Applied Economics. Previously the Ehrenkranz Family Professor of Business and Public Policy at the Wharton School, University of Pennsylvania, he has conducted empirical studies of price advertising, media markets, and issues related to digital products. A Professor at the Institute for International Economic Studies, David Stromberg is also a Research Affiliate in the Public Policy Program at the Center for Economic and Policy Research in Washington, DC. He has published on the influence exerted by media on public policy.

"This Handbook provides a very useful overview of the economic literature on the media, a literature that has grown tremendously in the last few decades. Now we will have one single place to go when in need of accessing state-of the-art knowledge in this research area. It is particularly welcome that the editors have collected surveys both across the various media industries and across the main market-structure and political-economy issues." --Tore Nilssen, University of Oslo"At last the long-awaited handbook on the economics of media! Despite 15 years of high quality research, the field has suffered from the lack of systematic and comprehensive presentation. This handbook not only illustrates the basic economic forces shaping traditional and new media markets but also analyses the relationship between media markets and politics. I plan to use it in my graduate and doctoral courses. It will also help academics considering new research in the field." --Lapo Filistrucchi, University of Florence and Tilburg University

• I: Media Market Structure and Performance1. 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 Renault5. Audience Behavior and Ad Response. Ken Wilbur 6. Merger Policy and Regulation in Media Industries. Oystein Foros, Hans Jarle Kind and Lars Sorgard II: Sectors7. Television. Mark Armstrong and Greg Crawford 8. Radio. Andrew Sweeting9. 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 Tucker12. User-Generated Content. Michael LucaIII: The Political Economy of Mass Media13. Media Coverage and Influence on Government. David Stromberg14. 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 Prat17. Government Influence on Media: Empirics. Ruben Enikolopov and Maria Petrova 18. The Role of Media in Finance. Paul Tetlock19. Media and Social and Economic Outcome. Stefano Della Vigna and Eliana La Ferrara