Download or read book Three Empirical Essays on Industries with Creative Content written by David Adam Molin and published by . This book was released on 2009 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the motion picture industry most actors and actresses work for low fees, but a small group can command compensations of millions of dollars per movie. In the first chapter I test the consumer learning hypothesis: consumers choose films using information from other films with the same star actor or actress. Using DVD sales data for a sample of 206 films, I show that the release of a new movie increases sales of old movies with the same star. However, this result is driven by a subset of sequels and Oscar nominated films. I conclude that some effect other than consumer learning must drive the presence of superstars in the motion picture industry. In chapter two I provide a novel explanation for the optimality of the sequential release by showing that sequential release can be the equilibrium of a signaling game. Theater owners must choose which films to screen and studios signal which films are of high quality by delaying the home video release of those films until after the theatrical run. Sequential release is an effective form of signaling because it is costly. The properties of the equilibrium of the DVD release timing game I describe suggest that a theatrical premiere with release in other markets no sooner than three months later will remain the norm for big budget movies. One important economic consequence of the Internet and information technology has been the reduction in the fixed costs of distribution and a consequent increase in product variety. In chapter three I investigate the effect on the welfare of producers of creative content. I identify a set of books sold on Amazon.com for which the author's revenue can be easily computed. I use this data to parameterize a model of author entry and then estimate the welfare gains of authors and consumers from Print-on-Demand (POD) technology.

Download or read book Three Essays on Creative Industries written by Yue Sheng (Ph. D. in Economics) and published by . This book was released on 2022 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Empirical Industrial Organization written by Zening Li and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in Empirical Industrial Organization written by Ricardo Ribeiro and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays in Empirical Industrial Organization written by Abraham C. Dunn and published by . This book was released on 2014 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many differentiated product industries in which firms offer multiple products in the same market. In making strategic decisions regarding entry, quality and quantity to be supplied for their multiple products firms must consider the competition with rivals as well as cannibalization of their own products that are close substitutes. In this setting, understanding the relationship between the behavior of consumer demand and firms decisions' regarding product characteristics and strategic variables like advertising are fundamental issues in industrial organization. This dissertation empirically explores these fundamental issues in the pharmaceutical and airline industries. The first paper of my dissertation estimates consumer demand for different anti-cholesterol drugs using panel data on a nationally representative sample of individuals who were diagnosed with cholesterol problems in the period 1996-2002. The data provides detailed information on individuals' medical conditions, medical and drug insurance coverage, drug purchases (if any), and other demographic and medical information. Individuals choose whether to purchase an anti-cholesterol rug and, if so, which drug to buy. The model permits flexible substitution patterns among drug choices and persistence in those choices by incorporating both observed and unobserved consumer heterogeneity. The estimates suggest that lower income patients without prescription drug insurance are very price sensitive: they are less likely to use drugs and, if they do use them, they tend to purchase the less expensive drugs. I find that roughly 500 thousand individuals without drug insurance who are currently not purchasing anti-cholesterol drugs would do so in the counterfactual world in which they are given the standard co-payment plan. The second paper also looks at consumer demands for anti-cholesterol drugs. While the first paper focused on the differentiated products, this paper explores the market expansion effects of direct-to-consumer advertising (DTCA). The study combines the individual data used in the first paper with monthly expenditure data on DTCA for the period 1996-2002. The dynamic demand model estimated in this paper explores the heterogeneous effects of DTCA. Overall, I find a positive effect from DTCA with short term elasticity of 0.107. Through persistence in consumer demand this effect lasts over multiple time periods. I find that individuals not taking a cholesterol drug respond more to advertising than those on the drug. In addition, I find that less educated individuals, those that may be unaware of their health condition, and those without health insurance are most responsive to DTCA. Finally, the third paper studies the effect of product ownership and quality on entry in the airline industry. Specifically, this paper empirically examines the decision of an airline to offer high quality nonstop service between cities given that the airline may or may not be offering lower quality one-stop service. I find that airlines that offer one-stop service through a hub are less likely to enter that same market with nonstop service than those that do not. In addition, the quality of the one-stop service is another determinant of entry. Airlines are more likely to enter a market with nonstop service if their own or their rival's one-stop service in the market are of lower quality.

Download or read book Essays on Empirical Industrial Organization written by Tianli XIA (Ph.D.) and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: My thesis applies recent empirical industrial organization tools to study policy and managerial questions arising in three important market settings: healthcare, digital platforms, and urban housing/transportation. The first chapter of the paper studies a vertical contract, ''resale price maintenance'' (RPM). RPM is controversial from an antitrust perspective because it can eliminate double markups but facilitate price coordination across retailers. I offer direct empirical evidence on these effects of RPM by combining an anti-trust case about RPM with a novel retailer-level dataset. I find that RPM is primarily used to reduce double markups while also facilitating price coordination in the retail sector. Motivated by these findings, I build and estimate a structural model and illustrate how the key model primitives (consumer substitution patterns and manufacturer bargaining power) determine the welfare to offer insights for regulators. The second chapter studies a prevalent dilemma on digital platforms: whether a platform should capitalize on popular content to satisfy viewers in the short run or support nascent content creators for better performance in the long run. I examine an internal experiment in a short-form video platform to quantify the effects of a support program on novice content creators. I find that the program leads to a worse viewer experience in the short run but leads to more content posting and higher content quality. The combined results suggest that improving content quality could counterbalance the adverse effects on viewer experience within three months. The last chapter builds an equilibrium sorting model of housing location and commuting mode choice with endogenous traffic congestion to evaluate the efficiency and equity impacts of a menu of urban transportation policies. Leveraging fine-scale data from household travel diaries and housing transaction data identifying residents' home and work locations in Beijing, we recover structural estimates with rich preference heterogeneity over both travel mode and residential location decisions. Overall, our results advocate for a congestion pricing policy coupled with subway construction.

Download or read book Three Essays on Creative Destruction written by Mitsuru Igami and published by . This book was released on 2012 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation aims to advance our knowledge of long-run economic changes. It consists of three essays on strategic industry dynamics in retail services, agricultural commodities, and high-tech manufacturing, respectively. Although creative destruction is commonly understood as the replacement of old technologies by new ones, its true significance lies not in the transition of technologies per se but in either the reluctance or inability of old winners to innovate when faced with new challengers. Hence I emphasize the incumbent-entrant rivalry as the common theme across these essays. Essay 1 assesses the impact of the entry of large supermarkets on incumbents of various sizes. Contrary to the conventional notion that big stores drive small rivals out of the market, data from Tokyo in the 1990s show that large supermarkets' entry induces the exit of existing large and medium-size competitors, but improves the survival rate of small supermarkets. These findings highlight the role of store size as an important dimension of product differentiation and caution against size-based entry regulations. Essay 2 studies the impact of international market structure on commodity prices, using a standard oligopoly model and exploiting historical variations in the structure of the international coffee bean market. The results suggest that, of the 75% drop in the real coffee price between 1988 and 2001, the end of a cartel treaty explains 49 points and the emergence of Vietnam as a major exporter explains another 9 points. I then discuss policy implications for competition, trade, and aid. Essay 3 investigates why incumbent firms innovate more slowly than entrants. Theories predict cannibalization between existing and new products delays incumbents' innovation, whereas preemptive motives accelerate it, and incumbents' cost (dis)advantage would further reinforce these tendencies. To empirically quantify these three forces, I develop and estimate a dynamic oligopoly model using a unique panel dataset of hard disk drive (HDD) manufacturers (1981-98). The results suggest that despite strong preemptive motives and a substantial cost advantage over entrants, incumbents are reluctant to innovate because of cannibalization, which can explain at least 51% of the incumbent-entrant timing gap. I then discuss managerial and public-policy implications.

Download or read book Dissertation Abstracts International written by and published by . This book was released on 2005 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Digitization and the Market for Intangibles written by Laurina Zhang and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Creative Labour written by David Hesmondhalgh and published by Routledge. This book was released on 2011 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is it like to work in the media? Are media jobs more âe~creativeâe(tm) than those in other sectors? To answer these questions, this book explores the creative industries, using a combination of original research and a synthesis of existing studies. Through its close analysis of key issues âe" such as tensions between commerce and creativity, the conditions and experiences of workers, alienation, autonomy, self-realization, emotional and affective labour, self-exploitation, and how possible it might be to produce âe~good workâe(tm) Creative Labour makes a major contribution to our understanding of the media, of work, and of social and cultural change. In addition, the book undertakes an extensive exploration of the creative industries, spanning numerous sectors including television, music and journalism. This book provides a comprehensive and accessible account of life in the creative industries in the twenty-first century. It is a major piece of research and a valuable study aid for both undergraduate and postgraduate students of subjects including business and management studies, sociology of work, sociology of culture, and media and communications.

Download or read book The Cultural and Creative Industries written by Justin O'Connor and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The main body of the literature review explores both the history of the idea of the cultural industries and how this has changed and developed our current interest in the creative economy. It focuses on the conceptual ideas behind thinking in this area and lays out the reasons behind the shifts in terminology and policy."--Foreword.

Download or read book The Creative Industries written by Terry Flew and published by SAGE. This book was released on 2011-11-15 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Moving from age-old warnings about the influence of the cultural industry to a tentative embrace of a global creative society, Terry Flew′s new book provides an excellent overview of this exciting field. Warmly recommended for students and policymakers alike." - Mark Deuze, Indiana University "A comprehensive text on the state of the art of the creative industries... a running commentary on the ebb and flow of both the academic debates (from cultural studies, cultural economics, organisational studies, economic geography and urban sociology) and the policy initiatives that seek to frame the field for outsiders. An ideal primer." - Andy C Pratt, King′s College London The rise of creative industries requires new thinking in communication, media and cultural studies, media and cultural policy, and the arts and information sectors. The Creative Industries sets the agenda for these debates, providing a richer understanding of the dynamics of cultural markets, creative labour, finance and risk, and how culture is distributed, marketed and creatively re-used through new media technologies. This book: Develops a global perspective on the creative industries and creative economy Draws insights from media and cultural studies, innovation economics, cultural policy studies, and economic and cultural geography Explores what it means for policy-makers when culture and creativity move from the margins to the centre of economic dynamics Makes extensive use of case studies in ways that are relevant not only to researchers and policy-makers, but also to the generation of students who will increasingly be establishing a ′portfolio career′ in the creative industries. International in coverage, The Creative Industries traces the historical and contemporary ideas that make the cultural economy more relevant that it has ever been. It is essential reading for students and academics in media, communication and cultural studies.

Download or read book Creative Cities Cultural Clusters and Local Economic Development written by Philip N. Cooke and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the economic development of cities from the 'cultural economy' and 'creative industry' perspectives.

Download or read book Monthly Labor Review written by and published by . This book was released on 2002-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Download or read book Costs of Sprawl written by Reid Ewing and published by Taylor & Francis. This book was released on 2017-06-26 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across the nation, the debate over metropolitan sprawl and its impact has become pivotal to urban planning. A decade and a half ago, Smart Growth America and the U.S. Environmental Protection Agency sought to raise the level of the debate by sponsoring groundbreaking research to quantitatively measure sprawl and its quality-of-life impacts. The resulting measures are widely used in urban research and public health. Costs of Sprawl provides a panoramic guide to urban form in America, measures sprawl for metropolitan areas, urbanized areas, and counties, and studies the relationship between sprawl and quality-of-life outcomes. From this preliminary investigation, it looks like the costs of sprawl are varied and substantial, and the alternative of compact development is far superior. An essential read for researchers, planners, urban designers, policy makers, and smart growth advocates in the U.S. and abroad, this book provides a comprehensive and detailed analysis of one of the most critical issues in planning today.

Download or read book Social Science Research written by Anol Bhattacherjee and published by CreateSpace. This book was released on 2012-04-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.

Download or read book Bulletin of the Atomic Scientists written by and published by . This book was released on 1955-04 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.