Increasing Returns to Information in the U.S. Popular Music Industry
AbstractUsing data relating to ‘number one’ hits on the Billboard Hot 100 chart, we find clear evidence of increasing returns to information in the U.S. 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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Bibliographic InfoPaper provided by Department of Economics, University of Victoria in its series Econometrics Working Papers with number 0510.
Length: 10 pages
Date of creation: 07 Jul 2005
Date of revision:
Note: ISSN 1485-6441
Contact details of provider:
Postal: PO Box 1700, STN CSC, Victoria, BC, Canada, V8W 2Y2
Web page: http://web.uvic.ca/econ
More information through EDIRC
Popular music; returns to information; Gibrat’s law; Zipf’s Law; Pareto’s law; stable distribution; Bose-Einstein dynamics;
Other versions of this item:
- David Giles, 2007. "Increasing returns to information in the US popular music industry," Applied Economics Letters, Taylor & Francis Journals, vol. 14(5), pages 327-331.
- C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-07-11 (All new papers)
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