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1
UID:
gbv_1550136437
Format: 1 Online-Ressource
ISBN: 9780444636911
Series Statement: Handbooks in Economics
Content: 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.ïŽChapters span 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 volumes provide a powerful introduction for those interested in starting research in media economics
Content: 11.5. Privacy in a World of Infinitely Persisting Data: The Right to be Forgotten11.6. Privacy: Online Data Security; 11.7. Privacy and the Government; 11.8. Conclusion: Future Spheres of Privacy; Acknowledgments; References; Chapter 12: User-Generated Content and Social Media; 12.1. Introduction; 12.2. The Impact of User-Generated Content; 12.2.1. Data and Identification Challenges; 12.2.1.1. Cross-Platform Comparisons; 12.2.1.2. Platform Quirks; 12.2.1.3. Field Experiments; 12.2.2. Impact of UGC on Demand: Data, Methods, and Results; 12.2.3. Social Effects of Social Media
Content: 12.2.4. Other Findings and Open Questions12.3. The Quality of User-Generated Content; 12.3.1. Promotional Content; 12.3.2. Self-Selection; 12.3.3. Peer Effects and Social Influence; 12.3.4. Other Issues; 12.4. Incentive Design and Behavioral Foundations; 12.5. Other Issues; 12.5.1. Business Models; 12.5.2. Competition and Network Effects; 12.5.3. Digital Exhaust, Property Rights, and Privacy; 12.5.4. Information Aggregation; 12.5.5. Welfare Effects; 12.6. Discussion; Acknowledgments; References; Part III: The Political Economy of Mass Media
Content: 13.3.4.2. Volume and Focus of Political Coverage13.3.4.2.1. What Issues Are Covered?; 13.3.5. Multitasking; 13.3.5.1. Audience Share Bias; 13.3.5.2. Media Access Bias; 13.3.5.3. Newsworthiness Bias; 13.3.5.4. Target Group Bias; 13.4. Conclusion; References; Chapter 14: Media Bias in the Marketplace: Theory; 14.1. Introduction; 14.2. What is Bias?; 14.3. Bias and Welfare; 14.4. A Model of the Market for News; 14.5. Supply-Driven Bias; 14.6. Demand-Driven Bias; 14.6.1. Delegation; 14.6.2. Psychological Utility; 14.6.3. Reputation; 14.7. Conclusion; Acknowledgments; References
Content: Chapter 13: Media Coverage and Political Accountability: Theory and Evidence13.1. Introduction; 13.2. Theory; 13.2.1. The Role of Information in Politics; 13.2.2. Market Provision of News; 13.2.2.1. Total Coverage of Politics; 13.2.2.1.1. Monopoly Media; 13.2.2.1.2. Competition; 13.2.2.2. Coverage Across Issues and Multitasking; 13.2.3. Optimal Regulation and Public Provision of News; 13.3. Evidence; 13.3.1. Volume of Coverage; 13.3.2. Voters; 13.3.2.1. Information; 13.3.2.2. Responsiveness; 13.3.2.3. Political Participation; 13.3.3. Politicians; 13.3.4. Policy; 13.3.4.1. Who Gets the News?
Content: Front Cover; Handbook of Media Economics; Copyright; Introduction to the Series; Contents; Introduction; Contributors; Acknowledgment; Dedication; Chapter 11: Privacy and the Internet; 11.1. Introduction; 11.2. Economics of Privacy; 11.3. Privacy and Advertising; 11.3.1. Privacy Concerns and Targeted Advertising; 11.3.2. Privacy Concerns and Behavioral Pricing; 11.3.3. Privacy Regulation and Targeted Advertising; 11.3.4. Privacy and Market Structure; 11.3.5. New Directions in Research on Privacy and the Advertising-Supported Internet; 11.4. Privacy and Social Media
Note: Includes bibliographical references and index. - Description based on online resource; title from title page (Safari, viewed December 14, 2015)
In: volume 1
Additional Edition: ISBN 0444636897
Additional Edition: ISBN 9780444636850
Additional Edition: ISBN 9780444636898
Language: English
Keywords: Medienwirtschaft ; Electronic books
URL: Volltext  (Deutschlandweit zugänglich)
Author information: Waldfogel, Joel 1962-
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Associated Volumes
  • 2
    Online Resource
    Online Resource
    UID:
    gbv_1831649705
    ISBN: 9780444636911
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite xix, 9780444636911
    In: year:2015
    In: pages:xix
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    UID:
    gbv_1831649810
    ISBN: 9780444636911
    Content: Media industries typically exhibit two fundamental features, high fixed costs and heterogeneity of consumer preferences. Daily newspaper markets, for example, tend to support a single product. In other examples, such as radio broadcasting, markets often support multiple differentiated offerings. Both contexts can deliver preference externalities, when the options and well-being for consumers depend on the number and mix of consumers according to their content preferences. This chapter presents evidence on these fundamental features of media markets. We then incorporate these features into a suite of theoretical models to obtain both a description of media markets as well as predictions for how they would be expected to function. In Section 1.3, we turn to “results,” i.e., empirical evidence on the questions illuminated by the theoretical models. We then explore the effects of technological change, and we suggest directions for future work.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 3-40, 9780444636911
    In: year:2015
    In: pages:3-40
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    UID:
    gbv_1831649721
    ISBN: 9780444636911
    Content: We survey the economics literature on media as it applies to the Internet. The Internet is an important driver behind media convergence and connects information and communication technologies. While new Internet media share some properties with traditional media, several novel features have appeared: On the content side, aggregation by third parties that have no editorial policy and user-generated content has become increasingly important. On the advertiser side, fine-tuned tailoring and targeting of ads based on individual user characteristics are common features on many Internet media and social networks. On the user side, we observe increased possibilities of time-shifting, multi-homing, and active search. These changes have gone hand-in-hand with new players entering media markets, including search engines and Internet service providers. Some of these players face novel strategic considerations, such as how to present search results. In response to these changes, an emerging economics literature focuses on the allocative and welfare implications of this new media landscape. This chapter is an attempt to organize these contributions and provide a selective account of novel economic mechanisms that shape market outcomes of Internet media. A large body of work has focused on the advertising part of the industry, while some studies also look at content provision and the interaction between the two.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 445-530, 9780444636911
    In: year:2015
    In: pages:445-530
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    UID:
    gbv_1831649349
    ISBN: 9780444636911
    Content: This chapter summarizes the fundamental questions underlying the economics of privacy. It highlights the tension between the multifaceted concept of privacy as commonly used in policy debates and its conceptualization as part of a utility function. The chapter then sets out new challenges for the economics of privacy in a variety of online settings with particular reference to the media industry. These settings include advertising, social networks, data security, and government surveillance.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 541-562, 9780444636911
    In: year:2015
    In: pages:541-562
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 6
    UID:
    gbv_1831649330
    ISBN: 9780444636911
    Content: This chapter documents what economists have learned about user-generated content (UGC) and social media. A growing body of evidence suggests that UGC on platforms ranging from Yelp to Facebook has a large causal impact on economic and social outcomes ranging from restaurant decisions to voting behavior. These findings often leverage unique datasets and methods ranging from regression discontinuity to field experiments, and researchers often work directly with the companies they study. I then survey the factors that influence the quality of UGC. Quality is influenced by factors including promotional content, peer effects between contributors, biases of contributors, and self-selection into the decision to contribute. Non-pecuniary incentives, such as “badges” and social status on a platform, are often used to encourage and steer contributions. I then discuss other issues including business models, network effects, and privacy. Throughout the chapter, I discuss open questions in this area.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 563-592, 9780444636911
    In: year:2015
    In: pages:563-592
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 7
    UID:
    gbv_1831649322
    ISBN: 9780444636911
    Content: This chapter investigates how media coverage filters information and how this affects political accountability and policy. I first present a baseline model of media coverage and its effect on political accountability. The model is used to discuss the welfare consequences of private provision of news. It shows how media regulation and public broadcasting may correct market failures, notably the under-provision of news. The model also supplies an array of testable implications, used to organize the existing empirical work. The key empirical questions are: what drives media coverage of politics; how does this coverage influence the information levels and the voting behavior of the general public, the actions and selection of politicians and government policy?
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 595-622, 9780444636911
    In: year:2015
    In: pages:595-622
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    UID:
    gbv_1831649314
    ISBN: 9780444636911
    Content: We review the theoretical literature on market determinants of media bias. We present a theoretical framework that organizes key themes in the literature and discuss substantive lessons.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 623-645, 9780444636911
    In: year:2015
    In: pages:623-645
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    UID:
    gbv_1831649306
    ISBN: 9780444636911
    Content: In this chapter we survey the empirical literature on media bias, with a focus on partisan and ideological biases. First, we discuss the methods used to measure the relative positions of media outlets. We divide bias into two categories, explicit and implicit bias. We group existing measures of implicit bias into three categories: measures based on comparing media outlets with other actors, measures based on the intensity of media coverage, and measures based on tone. In the second part of the chapter we discuss the main factors that are found to be correlated with media bias, dividing these into demand-side and supply-side factors. We also discuss the role of competition across media outlets. In the third part of the chapter we discuss some of the attempts to measure the persuasive impact of media bias on citizens’ attitudes and behavior.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 647-667, 9780444636911
    In: year:2015
    In: pages:647-667
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 10
    UID:
    gbv_1831649292
    ISBN: 9780444636911
    Content: This chapter studies situations where media sources deliberately deviate from truthful reporting in order to manipulate electoral outcomes. Media capture occurs when the government actively attempts to influence the media industry. We instead speak of media power when news organizations engage in biased reporting for political reasons. Existing theories identify factors that make these phenomena more likely to occur, suggest ways of measuring them, and study their welfare effect and policy implications.
    In: Handbook of media economics ; volume 1, Amsterdam : Elsevier, North Holland, 2015, (2015), Seite 669-686, 9780444636911
    In: year:2015
    In: pages:669-686
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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