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Article: Bose-Einstein dynamics and adaptive contracting in the motion picture industry

TitleBose-Einstein dynamics and adaptive contracting in the motion picture industry
Authors
De Vany, AWalls, WD
Issue Date1996
PublisherBlackwell 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?
DOI: http://dx.doi.org/10.2307/2235197
AbstractAudiences 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 Identifierhttp://hdl.handle.net/10722/224574
ISSN
0013-0133
2023 Impact Factor: 3.8
2023 SCImago Journal Rankings: 4.507

 

DC FieldValueLanguage
dc.contributor.authorDe Vany, A-
dc.contributor.authorWalls, WD-
dc.date.accessioned2016-04-08T02:22:35Z-
dc.date.available2016-04-08T02:22:35Z-
dc.date.issued1996-
dc.identifier.citationThe Economic Journal, 1996, v. 106 n. 439, p. 1493-1514-
dc.identifier.issn0013-0133-
dc.identifier.urihttp://hdl.handle.net/10722/224574-
dc.description.abstractAudiences 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.languageeng-
dc.publisherBlackwell Publishing Ltd. The Journal's web site is located at http://www.blackwellpublishing.com/journals/ECOJ-
dc.relation.ispartofThe Economic Journal-
dc.rightsThe definitive version is available at www.blackwell-synergy.com-
dc.titleBose-Einstein dynamics and adaptive contracting in the motion picture industry-
dc.typeArticle-
dc.identifier.emailWalls, WD: wdwalls@hku.hk-
dc.identifier.doi10.2307/2235197-
dc.identifier.scopuseid_2-s2.0-0000179335-
dc.identifier.hkuros27915-
dc.identifier.volume106-
dc.identifier.issue439-
dc.identifier.spage1493-
dc.identifier.epage1514-
dc.publisher.placeUnited Kingdom-
dc.identifier.issnl0013-0133-

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