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The impact of social media activities on theater demand
A well-known factor in the consumption of cultural goods is that demand is subject to the ‘nobody knows’ principle and therefore difficult to...
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The Revenue Impact of Differential Seat Pricing and Competition in the Movie Theater Market
This study empirically investigates the revenue return to differential seat pricing in the Korean movie theater market and how it is affected by...
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Movie Industry Demand and Theater Availability
Consumers can only choose to see a movie if it is available in theaters. Explicitly taking into account movie theater availability, we estimate a...
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Does vertical integration enhance non-price efficiency? Evidence from the movie theater industry
This paper examines how vertical integration affects non-price efficiency in the movie theater industry. Adopting a discrete choice framework, we...
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Estimating Parental Demand for Children’s Screen Time in a Model of Family Labor Supply
In a novel approach to model the demand for the children's screen time as the result of a parent's optimal labor-leisure choice, the study used a...
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Product-Line Decisions and Rapid Turnover in Movie Markets
We present empirical evidence on a firm’s decision to eliminate a product from a multi-product line, in a market with rapid product turnover, using...
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Technological change and managerial challenges in the movie theater industry
The recent rise of digital technology in the delivery of entertainment casts doubt among industry stakeholders on whether movie theaters will...
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Some economics of movie exhibition: increasing returns and Imax revenue premium
We strongly reject the hypothesis of theater design revenue neutrality using a large dataset of Chinese theaters. Instead, we find large increasing...
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From Bilbao to Bodø: how cultural flagships are transforming local cultural life
In recent years, we have seen large investments in spectacular buildings hosting cultural institutions, with the dual aim of facilitating culture and...
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A Theory of Information and Distribution: The Market Economy and Demand Risk
This paper discusses the relationship between information and distribution, with special reference to the role of the merchant in the market economy....
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Rent seeking and the decline of the Florentine school
Economists have claimed that the invisible hand of competition is behind the historical episodes of outstanding artistic achievement, from...
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Attracting new audiences to high culture: an analysis of live broadcasted performing arts at cinema theaters
The aim of this paper is to analyze the potential contribution of broadcasting live performing arts in movie theaters to the democratization of high...
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An empirical analysis of passenger vehicle dwell time and curb management strategies for ride-hailing pick-up/drop-off operations
With the dramatic and recent growth in demand for curbside pick-up and drop-off by ride-hailing services, as well as online shop** and associated...
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Arts and Culture
The economic history of the arts includes both “high culture” – like the fine arts, theater, and classical music – and popular culture, such as pop...
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The values of cultural goods and cultural capital externalities: state of the art and future research prospects
Cultural economics has largely looked toward environmental economics and used non-market valuation techniques such as contingent valuation to...
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Does a higher cultural supply raise cultural consumption? The association between individual and city traits and cultural consumption in Chile
While cultural economics and urban economics literatures have well established that more able individuals tend to prefer mostly cities with a high...
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The countervailing effects of spatial competition in the performing arts: examining local versus traded market performance
Intense competitive pressure in a local geographic market may diminish an organization’s revenues in that market but increase its innovation output...
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Settlement growth and military conflict in early colonial New England 1620–1700
Property rights are secure, and violence over land can be attenuated when the treatment and delineation of the property are consistent, stable, and...
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Introduction
This chapter introduces the basic economic logic behind third-degree price discrimination. We first verify the sources of inefficiency accrued from...
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The influence of user-generated content on video game demand
We examine the influence of favorable user-generated content on the demand for PC video games. As digital distribution has become the norm for video...