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Movie producers and the statistical distribution of achievement

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  • Jordi McKenzie

Abstract

This article investigates De Vany's (2004) application of the Pareto distribution to the careers of actors and directors by considering a sample of movie producers. The results support the Pareto distribution for describing the 'number of films produced' and the 'sum of box office revenue' earned by a producer. The results suggest that a producer is more likely to produce another film as the number of films which they have already produced increases. Also, although an early career producer faces more chance of securing a further film by pure luck, an established producer greatly benefits from his/her previous success.

Suggested Citation

  • Jordi McKenzie, 2010. "Movie producers and the statistical distribution of achievement," Applied Economics Letters, Taylor & Francis Journals, vol. 17(17), pages 1657-1661.
  • Handle: RePEc:taf:apeclt:v:17:y:2010:i:17:p:1657-1661
    DOI: 10.1080/13504850903194183
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    References listed on IDEAS

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    1. De Vany, Arthur & Walls, W David, 1996. "Bose-Einstein Dynamics and Adaptive Contracting in the Motion Picture Industry," Economic Journal, Royal Economic Society, vol. 106(439), pages 1493-1514, November.
    2. W. David Walls, 1997. "Increasing returns to information: evidence from the Hong Kong movie market," Applied Economics Letters, Taylor & Francis Journals, vol. 4(5), pages 287-290.
    3. 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.
    4. 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.
    5. David Maddison, 2004. "Increasing returns to information and the survival of broadway theatre productions," Applied Economics Letters, Taylor & Francis Journals, vol. 11(10), pages 639-643.
    6. 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 315-331, Part I, M.
    7. Chris Hand, 2001. "Increasing returns to information: further evidence from the UK film market," Applied Economics Letters, Taylor & Francis Journals, vol. 8(6), pages 419-421.
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