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Article: Bose-Einstein dynamics and adaptive contracting in the motion picture industry
Title | Bose-Einstein dynamics and adaptive contracting in the motion picture industry |
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Authors | |
Issue Date | 1996 |
Publisher | Blackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ECOJ |
Citation | The Economic Journal, 1996, v. 106 n. 439, p. 1493-1514 How to Cite? |
Abstract | Audiences discover what films they like and spread the word. Information feedback produces Bose-Einstein dynamics in the motion picture box office revenue distribution. Information cascades generate box office 'hits' and 'flops.' The revenue distribution evolves recursively over the 'run' as a mixture of the 'opening' and a stochastic competition among films. The motion picture run is decentralized, adaptive, and self-organizing: semistationary admission prices, local information, and contingency-rich contracts match the film rental price and the supply of theatrical engagements to demand. Copyright 1996 by Royal Economic Society. |
Persistent Identifier | http://hdl.handle.net/10722/224574 |
ISSN | 2023 Impact Factor: 3.8 2023 SCImago Journal Rankings: 4.507 |
DC Field | Value | Language |
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dc.contributor.author | De Vany, A | - |
dc.contributor.author | Walls, WD | - |
dc.date.accessioned | 2016-04-08T02:22:35Z | - |
dc.date.available | 2016-04-08T02:22:35Z | - |
dc.date.issued | 1996 | - |
dc.identifier.citation | The Economic Journal, 1996, v. 106 n. 439, p. 1493-1514 | - |
dc.identifier.issn | 0013-0133 | - |
dc.identifier.uri | http://hdl.handle.net/10722/224574 | - |
dc.description.abstract | Audiences discover what films they like and spread the word. Information feedback produces Bose-Einstein dynamics in the motion picture box office revenue distribution. Information cascades generate box office 'hits' and 'flops.' The revenue distribution evolves recursively over the 'run' as a mixture of the 'opening' and a stochastic competition among films. The motion picture run is decentralized, adaptive, and self-organizing: semistationary admission prices, local information, and contingency-rich contracts match the film rental price and the supply of theatrical engagements to demand. Copyright 1996 by Royal Economic Society. | - |
dc.language | eng | - |
dc.publisher | Blackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ECOJ | - |
dc.relation.ispartof | The Economic Journal | - |
dc.rights | The definitive version is available at www.blackwell-synergy.com | - |
dc.title | Bose-Einstein dynamics and adaptive contracting in the motion picture industry | - |
dc.type | Article | - |
dc.identifier.email | Walls, WD: wdwalls@hku.hk | - |
dc.identifier.doi | 10.2307/2235197 | - |
dc.identifier.scopus | eid_2-s2.0-0000179335 | - |
dc.identifier.hkuros | 27915 | - |
dc.identifier.volume | 106 | - |
dc.identifier.issue | 439 | - |
dc.identifier.spage | 1493 | - |
dc.identifier.epage | 1514 | - |
dc.publisher.place | United Kingdom | - |
dc.identifier.issnl | 0013-0133 | - |