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Hollywood economics : how extreme uncertainty shapes the film industry

Author: Arthur De Vany
Publisher: London : Routledge, 2008.
Series: Contemporary political economy series
Edition/Format:   Print book : English : Transferred to digital printView all editions and formats
Summary:

Movies expected to perform well can flop, whilst independent movies with low budgets can be wildly successful. In this text, De Vany casts his eye over all aspects of the business to present some  Read more...

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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Arthur De Vany
ISBN: 0415312604 0415312612 9780415312608 9780415312615
OCLC Number: 315935616
Description: XVII, 308 Seiten : Diagramme.
Contents: Part I: Box-office champions, chaotic dynamics and herding 1. The market for motion pictures: Rank, revenue and survival 2. Bose-Einstein dynamics and adaptive contracting in the motion picture industry 3. Quality evaluations and the breakdown of statistical herding in the dynamics of box-office revenue Part II: "Wild" uncertainty, tough decisions and false beliefs 4. Uncertainty in the movie industry: Can star power reduce the terror of the box office? 5. Does Hollywood make too many R-rated movies?: Risk, stochastic dominance and the illusion of expectation 6. Big budgets, big openings and legs: Analysis of the blockbuster strategy Part III: Judges, lawyers and the movies 7. Motion picture antitrust: The Paramount cases revisited 8. Was the antitrust action that broke up the movie studios good for the movies?: Evidence from the stock market 9. Stochastic market structure: Concentration measures and motion picture antitrust Part IV: A business of extremes 10. Motion picture profit, the stable Paretian hypothesis and the curse of the superstar 11. Contracting with stars when "nobody knows anything" 12. How extreme uncertainty shapes the movie business Epilogue: Can you manage a business when "nobody knows anything"?
Series Title: Contemporary political economy series
Responsibility: Arthur De Vany.

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'If you want an applied exposition of the "wild" type of uncertainty, this is the book. I know of no better text to understand kurtosis, the contribution of the very small to the very large, and the Read more...

 
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