In this survey, we review the literature on the impact of exposure to the media. We cast a wide net and cover media impacts on education, family choices, labor and migration decisions, environmental choices, health, crime, public economics, attitudes, consumption and savings, and development...

This chapter reviews and synthesizes a rapidly growing subfield that analyzes the relation between media and financial markets. Research in this area identifies novel data sources, such as newspaper articles, Internet search queries, and posts on social networks, and employs inventive empirical...

This chapter overviews the empirical literature on the determinants and the consequences of media capture, i.e., the situation in which governments or other interest groups try to control the content of media outlets. We start by examining the evidence on the effect of media capture on the...

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 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...

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...

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...

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...