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Superstardom in the U.S. Popular Music Industry Revisited

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Abstract

We provide empirical tests of the hypothesis that there were ‘superstars’ in the U.S. popular music industry between 1955 and 2003. Using different measures of artists’ successes, we reject a particular version of the superstar hypothesis. This contradicts earlier findings and indicates the sensitivity of the conclusions to the choice of ‘stardom’ measure.

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Bibliographic Info

Paper provided by Department of Economics, University of Victoria in its series Econometrics Working Papers with number 0511.

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Length: 10 pages
Date of creation: 08 Jul 2005
Date of revision:
Handle: RePEc:vic:vicewp:0511

Note: ISSN 1485-6441
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Postal: PO Box 1700, STN CSC, Victoria, BC, Canada, V8W 2Y2
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Fax: (250)721-6214
Web page: http://web.uvic.ca/econ
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Keywords: Popular music; Yule-Simon distribution; superstardom;

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  1. 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.
  2. 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.
  3. Marie Connolly & Alan Krueger, 2005. "Rockonomics: The Economics of Popular Music," Working Papers 878, Princeton University, Department of Economics, Industrial Relations Section..
  4. Lex Borghans & Loek Groot, 1998. "Superstardom and Monopolistic Power: Why Media Stars Earn More Than Their Marginal Contribution to Welfare," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 154(3), pages 546-, September.
  5. MacDonald, Glenn M, 1988. "The Economics of Rising Stars," American Economic Review, American Economic Association, vol. 78(1), pages 155-66, March.
  6. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December.
  7. 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.
  8. 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.
  9. 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.
  10. Hamlen, William A, Jr, 1994. "Variety and Superstardom in Popular Music," Economic Inquiry, Western Economic Association International, vol. 32(3), pages 395-406, July.
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Cited by:
  1. Martínez-Rodríguez, A.M. & Sáez-Castillo, A.J. & Conde-Sánchez, A., 2011. "Modelling using an extended Yule distribution," Computational Statistics & Data Analysis, Elsevier, vol. 55(1), pages 863-873, January.
  2. Egon Franck & Stephan Nüesch, 2007. "Talent and/or Popularity - What Does it Take to Be a Superstar," Working Papers 0074, University of Zurich, Institute for Strategy and Business Economics (ISU).
  3. Brinja Meiseberg, 2014. "Trust the artist versus trust the tale: performance implications of talent and self-marketing in folk music," Journal of Cultural Economics, Springer, vol. 38(1), pages 9-42, February.
  4. Spierdijk, Laura & Voorneveld, Mark, 2007. "Superstars without talent? The Yule distribution controversy," Working Paper Series in Economics and Finance 658, Stockholm School of Economics, revised 09 May 2007.
  5. Nela Filimon & Jordi López-Sintas & Carlos Padrós-Reig, 2011. "A test of Rosen’s and Adler’s theories of superstars," Journal of Cultural Economics, Springer, vol. 35(2), pages 137-161, May.
  6. Marc Bourreau & Michel Gensollen & François Moreau & Patrick Waelbroeck, 2013. "“Selling less of more?” The impact of digitization on record companies," Journal of Cultural Economics, Springer, vol. 37(3), pages 327-346, August.
  7. Andrés González-Moralejo, S & Compés López, R, 2009. "Problemas contractuales y acuerdos de subcontratación: El caso de la logística frigorífica en la industria alimentaria valenciana/," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 279 (30 Pá, Abril.
  8. Beck, Jonathan, 2009. "Diderot's rule," MPRA Paper 17404, University Library of Munich, Germany.
  9. Elmer Sterken, 2014. "Collective Memory and Nostalgia in The Dutch Radio2 Top2000 Chart 1999-2013," CESifo Working Paper Series 4632, CESifo Group Munich.

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