A core challenge for media economics in the digital age is to establish frameworks that neither endanger user safety nor undermine the diversity of information. Hate speech, misinformation and sensationalism must not take over, yet freedom of opinion and expression must remain intact. To bolster...

The digital transformation of media ecosystems, characterised by algorithmic curation, platform monopolies, and AI-generated content, poses unprecedented challenges to liberal democracies. This paper develops an updated ordoliberal framework to identify four systemic risks: (1) erosion of...

A core challenge for media economics in the digital age is to establish frameworks that neither endanger user safety nor undermine the diversity of information. Hate speech, misinformation and sensationalism must not take over, yet freedom of opinion and expression must remain intact. To bolster...

Understanding behavioral aspects of collective decision-making remains a core challenge in economics. Political narratives can be seen as a key communication technology that shapes and affects human decisions beyond pure information transmission. The effectiveness of narratives can be driven as...

Die Digitalisierung führt zu einer anhaltenden Transformation des Medienökosystems. Die globale Macht von Plattformmonopolen und die zunehmende Bedeutung von künstlicher Intelligenz sind nur zwei Beispiele für die Notwendigkeit eines Updates der Medienökonomik. Wichtige Ziele sind der...

In this study, we propose a novel approach to detect supply-side media bias, independent of external factors like ownership or editors' ideological leanings. Analyzing over 100,000 articles from The New York Times (NYT) and The Wall Street Journal (WSJ), complemented by data from 22 million...

In this study, we analyze the incentives of a streaming platform to bias consumption when products are vertically differentiated. The platform offers mixed bundles of content to monetize consumer interest in variety and pays royalties to sellers based on the effective consumption of the...

We review the burgeoning literature on the economics of social media, which has become ubiquitous in the modern economy and fundamentally changed how people interact. We first define social media platforms and isolate the features that distinguish them from traditional media and other digital...

We study the incentives of a streaming platform to bias consumption when products are vertically differentiated. The platform offers mixed bundles of content to monetize consumers' interest in variety and pays royalties to sellers based on the effective consumption of the content they produce....

We investigate the welfare effects of third-degree price discrimination by a two-sided platform that enables interaction between buyers and sellers. Sellers are heterogenous with respect to their per-interaction benefit, and, under price discrimination, the platform can condition its fee on...

This chapter provides an overview of the economics of influencers and social media stardom. It provides the state-of-research regarding success factors, revenue and payment models, social media platforms and ecosystems, and welfare effects. It describes the role of social media content providers...

"How Media Ownership Matters provides a new approach to understanding news media ownership, going beyond the typical emphasis on market concentration or media moguls to examine the influence of different forms of ownership on the production of news. The book identifies four broad ownership forms...

"Rethinking Media Economics emphasizes how this field of study is affected by rapid changes in the media industry due to technology, regulation, globalization, and consumer preferences. Alan B. Albarran takes the reader through major economic events from the 1950s onwards to highlight how...

This study presents a static model of media bias with a representative consumer, where a news source decides whether to grant information access to each media outlet. We show that the effect of a news source depends on the market structure. It does not distort a monopolistic media outlet’s...

Die Digitalisierung hat Medienmärkte grundlegend verändert: Statt begrenzten Funkfrequenzen und festen Programm, werden Medieninhalte über unterschiedlichste Kanäle verteilt, erstellt, geteilt und diskutiert. Digitale Plattformen haben den Konsum grundlegend verändert und ermöglichen es...

Die Digitalisierung hat Medienmärkte grundlegend verändert: Statt begrenzten Funkfrequenzen und festen Programm, werden Medieninhalte über unterschiedlichste Kanäle verteilt, erstellt, geteilt und diskutiert. Digitale Plattformen haben den Konsum grundlegend verändert und ermöglichen es...

Written for a wide audience, from undergraduate and graduate students to citizens and activists, this engaging text explains how economics can help us to better understand the development of digital technologies

Advertising Decline as a Media-Economic Factor: From Two-Sided Markets to Datafication in Journalism -- Book/Book Groups -- Changing Use of Audiovisual Media -- Classical Political Economy -- Commercial Audience Market Research -- Controlling in media companies -- Corporate Social Responsibility...

The handbook presents key contributions from scholars worldwide, providing a comprehensive exploration of current trends in media industries from diverse perspectives. Within the framework of understanding contemporary and future trajectories in media markets and industries, the volume delves...

For democracies to function, voters need to be exposed to a variety of views, and media outlets play a key role in this process. Using novel data on hosts and guests appearing in millions of French television and radio shows over 20 years, this article shows that media largely differ in how much...

"This fully updated second edition explores the importance of innovation and innovative thinking for the long-term success of today's leading media, telecommunications, and information technology companies. The book takes an in-depth look at how smart, creative companies have transformed today's...

Dieser Beitrag fasst die ökonomischen Besonderheiten von Unterhaltungsmärkten zusammen und legt dabei einen besonderen Fokus auf Digitalisierungseffekte. Dabei werden die Aspekte Erfahrungsgüter und Qualität, Fixkostendegression & Güterheterogenität, Super-stareffekte, die Rolle...

Der Beitrag liefert eine kritische Würdigung der geplanten europäischen Regulierung digitaler Onlinedienste - Digital Markets Act (DMA) und Digital Services Act (DAS) - aus medienökonomischer Perspektive. Dabei werden Schwerpunkte auf Gatekeeper-Effekte und die Rolle von algorithmischen Such-...

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...

One way for economists to influence economic policy and society as a whole is to shape what Robert Shiller has called "economic narratives". This, in turn, puts the media in their role as professional storytellers in a central position. In this paper, I investigate how economists have been...

We empirically investigate the relevance of multi-homing in two-sided markets. First, we build a micro-founded structural econometric model that encompasses demand for differentiated products and allows for multi-homing on both sides of the market. We then use an original dataset on the Italian...