We examine document spanners, a formal framework for information extraction that was introduced by Fagin et al.. A document spanner is a function that maps an input string to a relation over spans (intervals of positions of the string). We focus on document spanners that are defined by regex formulas, which are basically regular expressions that map matched subexpressions to corresponding spans, and on core spanners, which extend the former by standard algebraic operators and string equality selection. First, we compare the expressive power of core spanners to three models -- namely, patterns, word equations, and a rich and natural subclass of extended regular expressions (regular expressions with a repetition operator). These results are then used to analyze the complexity of query evaluation and various aspects of static analysis of core spanners. Finally, we examine the relative succinctness of different kinds of representations of core spanners and relate this to the simplification of core spanners that are extended with difference operators.