Birational geometry of hypersurfaces in products of projective spaces

We study the birational properties of hypersurfaces in products of projective spaces. In the case of hypersurfaces in Pm×Pn\documentclass[12pt]{minimal} \usepackage{amsmath} \usepackage{wasysym} \usepackage{amsfonts} \usepackage{amssymb} \usepackage{amsbsy} \usepackage{mathrsfs} \usepackage{upgreek} \setlength{\oddsidemargin}{-69pt} \begin{document}$${\mathbb {P}}^m \times {\mathbb {P}}^n$$\end{document}, we describe their nef, movable and effective cones and determine when they are Mori dream spaces. Using this, we give new simple examples of non-Mori dream spaces and analogues of Mumford’s example of a strictly nef line bundle which is not ample.