Cinema Demand in Spain: A Cointegration Analysis
AbstractIn this paper we explain the decline in cinema attendance in Spain since 1968. We use a cointegration analysis to estimate an individual demand function for cinema, with annual data and in terms of average attendance per inhabitant. We find that cinema is a luxury good and that its demand is elastic with respect to its price. We also show that television acts as a deterrent with regard to cinema attendance. Copyright Kluwer Academic Publishers 1997
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Bibliographic InfoArticle provided by Springer in its journal Journal of Cultural Economics.
Volume (Year): 21 (1997)
Issue (Month): 1 (March)
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Web page: http://www.springerlink.com/link.asp?id=100284
cultural economics; cinema; demand; elasticity; cointegration analysis;
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