Demand Distribution Dynamics in Creative Industries: the Market for Books in Italy

Edoardo Gaffeo (), Antonello Eugenio Scorcu () and Laura Vici ()
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Edoardo Gaffeo: Department of Economics and CEEL, University of Trento, Italy
Laura Vici: Department of Economics, University of Bologna, Italy

Working Paper Series from Rimini Centre for Economic Analysis

Abstract: We study the distribution dynamics of the demand for books in Italy. We find that for each of three broad sub-markets in which the book publishing industry can be classified Italian novels, foreign novels and essays sales over a three-year sample can be adequately fitted by a power law distribution. Our results can be plausibly interpreted in terms of a model of interactions among buyers exchanging information on the books they buy.

Keywords: Book publishing industry; Information transmission; Power law distribution. (search for similar items in EconPapers)
JEL-codes: L82 Z1 (search for similar items in EconPapers)
Date: 2008-01

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