This paper explores the origins and impact of "truth-in-advertising" regulation during the Progressive era. Was … advertising regulation adopted in response to rent-seeking on the part of firms who sought to limit the availability of … advertising as a competitive device? Or was advertising regulation desired because it furnished a mechanism through which firms …

Attempts to curb undesired behavior through regulation gets complicated when agents can adapt to circumvent enforcement …

The two components of the advertising industry - the creative sector that develops and produces messages, and the … communications technologies. As the media composition of advertising has changed in the last century for both local and national … advertising - from newspapers, outdoor and radio advertising to network and cable television, and most recently to internet and …

A model is developed where traditional and digital advertising finance the provision of free media goods and affect … price competition. The economy is not efficient. Media goods are under provided. Additionally, there is too much advertising … advertising increases consumer welfare significantly and is disproportionately financed by better-off consumers. The welfare gain …

discounts generated by a price regulation program that allows eligible hospitals to purchase outpatient drugs at steep discounts … targeted towards physicians at these hospitals. We find that the effects of price regulation on pharmaceutical firm effort …

television and social media advertising. We find that television outlets whose viewers watch more television charge a lower price … more male audiences on television. Also consistent with the theory, we show that social media advertising markets feature a … trends in television advertising revenue. We use the model to quantify the impact of mergers, the effect of competition on …

. Consistent with firms seeking to avoid costly regulation, we document significant bunching around multiple regulatory thresholds …

regulated to reverse course and deregulate to any significant extent. Moreover, regulation in most large coastal markets …