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Increasing returns to information in the US popular music industry

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Author Info
David E. Giles

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Abstract

Using data relating to 'number one' hits on the Billboard Hot 100 chart, we find clear evidence of increasing returns to information in the US market for popular music. This evidence supports related findings for the motion picture industry in various countries, and for Broadway productions.

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File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850500461407&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

Volume (Year): 14 (2007)
Issue (Month): 5-6 ()
Pages: 327-331
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Handle: RePEc:taf:apeclt:v:14:y:2007:i:5-6:p:327-331

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Vining, Daniel R, Jr, 1976. "Autocorrelated Growth Rates and the Pareto Law: A Further Analysis," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 369-80, April. [Downloadable!] (restricted)
  2. Marie Connolly & Alan B. Krueger, 2005. "Rockonomics: The Economics of Popular Music," NBER Working Papers 11282, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Hamlen, William A, Jr, 1991. "Superstardom in Popular Music: Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 729-33, November. [Downloadable!] (restricted)
  4. Strobl, E. & Tucker, C., 1999. "The Dynamics of Chart Success in the UK Pre-Resorded Popular Music Industry," Papers 99/10, College Dublin, Department of Political Economy-.
    Other versions:
  5. Bikhchandani, Sushil & Hirshleifer, David & Welch, Ivo, 1992. "A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 992-1026, October. [Downloadable!] (restricted)
  6. De Vany, Arthur S. & Walls, W. David, 2004. "Motion picture profit, the stable Paretian hypothesis, and the curse of the superstar," Journal of Economic Dynamics and Control, Elsevier, vol. 28(6), pages 1035-1057, March. [Downloadable!] (restricted)
  7. David E. Giles, 2005. "Survival of the Hippest: Life at the Top of the Hot 100," Econometrics Working Papers 0507, Department of Economics, University of Victoria. [Downloadable!]
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  8. Walls, W David, 1997. "Increasing Returns to Information: Evidence from the Hong Kong Movie Market," Applied Economics Letters, Taylor and Francis Journals, vol. 4(5), pages 287-90, May. [Downloadable!] (restricted)
  9. Hand, Chris, 2001. "Increasing Returns to Information: Further Evidence from the UK Film Market," Applied Economics Letters, Taylor and Francis Journals, vol. 8(6), pages 419-21, June. [Downloadable!] (restricted)
  10. Andrew Burke, 1996. "The dynamics of product differentiation in the British record industry," Journal of Cultural Economics, Springer, vol. 20(2), pages 145-164, June. [Downloadable!] (restricted)
  11. Hamlen, William A, Jr, 1994. "Variety and Superstardom in Popular Music," Economic Inquiry, Oxford University Press, vol. 32(3), pages 395-406, July.
  12. Ijiri, Yuji & Simon, Herbert A, 1974. "Interpretations of Departures from the Pareto Curve Firm-Size Distributions," Journal of Political Economy, University of Chicago Press, vol. 82(2), pages 315-31, Part I, M. [Downloadable!] (restricted)
  13. Chung, Kee H & Cox, Raymond A K, 1994. "A Stochastic Model of Superstardom: An Application of the Yule Distribution," The Review of Economics and Statistics, MIT Press, vol. 76(4), pages 771-75, November. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Edoardo Gaffeo & Antonello E. Scorci & Laura Vici, 2008. "Demand Distribution Dynamics in Creative Industries: the Market for Books in Italy," Department of Economics Working Papers 0804, Department of Economics, University of Trento, Italia. [Downloadable!]
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