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Rock and Roll Bands, (In)complete Contracts, and Creativity


  • Cedric Ceulemans
  • Victor Ginsburgh
  • Patrick Legros


Members of a rock and roll band are endowed with different amounts of creativity. They match, compose songs, and share credit. The presence of more creative members increases the probability of success, but those more creative members may also claim a larger share of the pie. In our theoretical model, the nature of matching as well as the covariation between the probability of success and the allocation of credit among individual members are a function of the completeness of contracting. The data show that rock bands tend to enter into incomplete contracts and positive assortative matching.

Suggested Citation

  • Cedric Ceulemans & Victor Ginsburgh & Patrick Legros, 2011. "Rock and Roll Bands, (In)complete Contracts, and Creativity," American Economic Review, American Economic Association, vol. 101(3), pages 217-221, May.
  • Handle: RePEc:aea:aecrev:v:101:y:2011:i:3:p:217-21

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    References listed on IDEAS

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    Cited by:

    1. Ronnie J. Phillips & Ian C. Strachan, 2016. "Breaking up is hard to do: the resilience of the rock group as an organizational form for creating music," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 40(1), pages 29-74, February.

    More about this item

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General


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