Breaking up is hard to do: the resilience of the rock group as an organizational form for creating music
Though there is a long tradition of band members quitting the group or taking a hiatus, the rock group as an organization to produce music continues to be both popular and economically viable. The research question addressed in this paper is whether or not it is a good idea to quit or take a hiatus from the group. We begin with a discussion of the framework for understanding why groups are formed and why they may be difficult to keep together. We then discuss differences between groups in the decade of the 1960s versus today. We argue that there is something unique about the output of the group even with the changes in the structure of contracts, compensation, and consumer focus on the artist that explain the resilience of the rock band as an organizational form within which to create music. We compare the charting success of bands that have members leave the group with the charting success of the members who left the group. We identified the groups in five representative years: 1965, 1975, 1985, 1995, and 2005. We then analyzed the entire Billboard Hot 100 charting careers of those groups and the artists who quit those groups. Our main finding is that when charting success is divided equally among members, going solo pays off—there is a clear economic rationale because solo acts have greater average charting success than the original bands they started in. The other ensuing side projects: duos, collaborations, and other groups are not as lucrative as the original bands. These findings are valid for members of charting groups from each of the 5 years examined. Despite the difficulties in keeping a rock band together, there are fewer band breakups today and remaining with the group generally results in a longer and more productive charting career. Thus, the rock group remains an important organization for producing contemporary music. However, there remains a compelling incentive to go solo. Superstars may benefit from solo projects, but for the average, non-superstar group member, in many circumstances it is better for the band to stay together if the income is divided equally. Copyright Springer Science+Business Media New York 2016
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 40 (2016)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.springer.com|
Web page: http://www.culturaleconomics.org/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/journal/10824/PS2|
References listed on IDEAS
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.:
- Crain, W. Mark & Tollison, Robert D., 1997. "Economics and the architecture of popular music," Journal of Economic Behavior & Organization, Elsevier, vol. 32(2), pages 185-205, February.
- 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.
- David Giles, 2007. "Survival of the hippest: life at the top of the hot 100," Applied Economics, Taylor & Francis Journals, vol. 39(15), pages 1877-1887.
- Alchian, Armen A & Demsetz, Harold, 1972.
"Production , Information Costs, and Economic Organization,"
American Economic Review,
American Economic Association, vol. 62(5), pages 777-795, December.
- Armen A. Alchian & Harold Demsetz, 1971. "Production, Information Costs and Economic Organizations," UCLA Economics Working Papers 10A, UCLA Department of Economics.
- Alessandro Balestrino & Cinzia Ciardi, 2011. "â€œI Wish Someone Would Help Me Write this Songâ€ : or, the Efficient Allocation of Resources in Rock Bands1," Journal of Interdisciplinary Economics, , vol. 23(1), pages 53-79, February.
- Cameron, Samuel & Collins, Alan, 1997. "Transaction costs and partnerships: The case of rock bands," Journal of Economic Behavior & Organization, Elsevier, vol. 32(2), pages 171-183, February.
- Simon W. Bowmaker & Ronnie J. Phillips & Richard D. Johnson, 2005. "Economics of rock 'n' roll," Chapters, in: Economics Uncut, chapter 14 Edward Elgar Publishing.
- 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.
- CEULEMANS, Cédric & GINSBURG, Victor A. & LEGROS, Patrick, "undated". "Rock and roll bands, (in)complete contracts, and creativity," CORE Discussion Papers RP 2317, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- CEULEMANS, Cédric & GINSBURGH, Victor & LEGROS, Patrick, 2010. "Rock and roll bands, (in)complete contracts and creativity," CORE Discussion Papers 2010074, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Seo Bin Hong, 2012. "A comment on survival of the hippest: life at the top of the hot 100," Applied Economics Letters, Taylor & Francis Journals, vol. 19(11), pages 1101-1105, July.
- Eric Strobl & Clive Tucker, 2000.
"The Dynamics of Chart Success in the U.K. Pre-Recorded Popular Music Industry,"
Journal of Cultural Economics,
Springer;The Association for Cultural Economics International, vol. 24(2), pages 113-134, May.
- 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-.
When requesting a correction, please mention this item's handle: RePEc:kap:jculte:v:40:y:2016:i:1:p:29-74. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.