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Hollywood Economics Book

Hollywood Economics
Hollywood Economics, , Hollywood Economics has a rating of 4 stars
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Hollywood Economics, , Hollywood Economics
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  • Hollywood Economics
  • Written by author Arthur De Vany
  • Published by Taylor & Francis, Inc., September 2003
  • Movies expected to perform well can flop, whilst independent movies with low budgets can be wildly successful. In this superb new book, De Vany casts his expert eye over all aspects of the business and presents some intriguing conclusions.
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List of figures
List of tables
Acknowledgments
Prologue1
Pt. IBox-office champions, chaotic dynamics and herding7
1The market for motion pictures: rank, revenue and survival11
2Bose-Einstein dynamics and adaptive contracting in the motion picture industry28
3Quality evaluations and the breakdown of statistical herding in the dynamics of box-office revenue48
Pt. II"Wild" uncertainty, tough decisions and false beliefs65
4Uncertainty in the movie industry: can star power reduce the terror of the box office?71
5Does Hollywood make too many R-rated movies?: risk, stochastic dominance and the illusion of expectation99
6Big budgets, big openings and legs: analysis of the blockbuster strategy122
Pt. IIIJudges, lawyers and the movies139
7Motion picture antitrust: the Paramount cases revisited143
8Was the antitrust action that broke up the movie studios good for the movies?: evidence from the stock market176
9Stochastic market structure: concentration measures and motion picture antitrust190
Pt. IVA business of extremes207
10Motion picture profit, the stable Paretian hypothesis and the curse of the superstar211
11Contracting with stars when "nobody knows anything"231
12How extreme uncertainty shapes the movie business255
Epilogue: can you manage a business when "nobody knows anything"?267
Notes276
Bibliography298
Index305


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