What's an Oscar Worth?

Nelson, Randy A, et al

Economic Inquiry, 2001, vol. 39, issue 1, pages 1-16

Abstract: This article examines the impact of an Academy Award nomination and award for best picture, best actor/actress, and best supporting actor/actress on a film's (i) market share of theaters, (ii) average revenue per screen, and (iii) its probability of survival. The model is estimated using weekly box-office data for a matched sample of nominated and non-nominated films. The results indicate substantial financial benefits for a nomination and award for best picture and best actor/actress. The structure of rewards is consistent with that found in two-stage, single-elimination tournaments. Copyright 2001 by Oxford University Press.

Date: 2001
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