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What's an Oscar Worth?

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  • Nelson, Randy A, et al

Abstract

This article examines the impact of an Academy Award nomination and award for best picture, best actor/actress, and best supporting actor/actress on a film's (i) market share of theaters, (ii) average revenue per screen, and (iii) its probability of survival. The model is estimated using weekly box-office data for a matched sample of nominated and non-nominated films. The results indicate substantial financial benefits for a nomination and award for best picture and best actor/actress. The structure of rewards is consistent with that found in two-stage, single-elimination tournaments. Copyright 2001 by Oxford University Press.

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Bibliographic Info

Article provided by Western Economic Association International in its journal Economic Inquiry.

Volume (Year): 39 (2001)
Issue (Month): 1 (January)
Pages: 1-16

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Handle: RePEc:oup:ecinqu:v:39:y:2001:i:1:p:1-16

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Cited by:
  1. Francis Lee, 2009. "Cultural discount of cinematic achievement: the academy awards and U.S. movies’ East Asian box office," Journal of Cultural Economics, Springer, vol. 33(4), pages 239-263, November.
  2. Espinosa Alejos, María Paz & Brañas Garza, Pablo, 2010. "Unraveling Public Good Games: The Role of Priors," DFAEII Working Papers 2010-04, University of the Basque Country - Department of Foundations of Economic Analysis II.
  3. Eva Deuchert & Kossi Adjamah & Florian Pauly, 2005. "For Oscar Glory Or Oscar Money?," Journal of Cultural Economics, Springer, vol. 29(3), pages 159-176, August.
  4. Ho Fai Chan & Bruno S. Frey & Jana Gallus & Benno Torgler, 2013. "Does The John Bates Clark Medal Boost Subsequent Productivity And Citation Success?," CREMA Working Paper Series 2013-02, Center for Research in Economics, Management and the Arts (CREMA).
  5. Allègre Hadida, 2010. "Commercial success and artistic recognition of motion picture projects," Journal of Cultural Economics, Springer, vol. 34(1), pages 45-80, February.
  6. W. D. Walls, 2012. "Screen Wars, Star Wars, and Sequels: Nonparametric Reanalysis of Movie Profitability," Working Papers 2008-28, Department of Economics, University of Calgary, revised 10 Sep 2012.
  7. Henry Aray & Betty Agnani, 2007. "And the Oscar goes to ..... Peeeeedrooooo!," ThE Papers 07/03, Department of Economic Theory and Economic History of the University of Granada..
  8. John Ashworth & Bruno Heyndels & Kristien Werck, 2010. "Expert judgements and the demand for novels in Flanders," Journal of Cultural Economics, Springer, vol. 34(3), pages 197-218, August.
  9. Caroline Elliott & Rob Simmons, 2008. "Determinants of UK Box Office Success: The Impact of Quality Signals," Review of Industrial Organization, Springer, vol. 33(2), pages 93-111, September.
  10. Morris Holbrook & Michela Addis, 2008. "Art versus commerce in the movie industry: a Two-Path Model of Motion-Picture Success," Journal of Cultural Economics, Springer, vol. 32(2), pages 87-107, June.
  11. Jordi McKenzie, 2009. "Revealed word-of-mouth demand and adaptive supply: survival of motion pictures at the Australian box office," Journal of Cultural Economics, Springer, vol. 33(4), pages 279-299, November.
  12. Randy Nelson & Clifford Reid & Owen Gilmore, 2007. "An Analysis of the Out-of-Market Gap for DVDs in the U.S," Review of Industrial Organization, Springer, vol. 30(4), pages 303-323, June.
  13. Frederick Derrick & Nancy Williams & Charles Scott, 2014. "A two-stage proxy variable approach to estimating movie box office receipts," Journal of Cultural Economics, Springer, vol. 38(2), pages 173-189, May.
  14. Melissa Boyle & Lesley Chiou, 2009. "Broadway productions and the value of a Tony Award," Journal of Cultural Economics, Springer, vol. 33(1), pages 49-68, February.
  15. C F Elliott & R Simmons, 2007. "Determinants of UK box office success: the impact of quality signals," Working Papers 584026, Lancaster University Management School, Economics Department.

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