 Increasing returns to information and the survival of broadway theatre productionsApplied Economics Letters, 2004, vol. 11, issue 10, 639-643 Abstract: Many similarities exist between films and live theatre. Examination of the relationship between the log rank of a Broadway show and the number of performances reveals a significant departure from the Pareto distribution. This matches findings made for the corresponding relationship between log rank and film revenues. Using models of duration it is shown that a variety of characteristics, including genre, determine the number of performances on Broadway and whether the show is in receipt of prestigious awards. These findings are also similar to those for films except for the fact that as the duration of a run increases, the hazard rate declines. This is consistent with a situation when individuals base decisions on which show to attend partially on the observed length of a theatrical run. Over time theatrical productions are tending to survive longer in the market place and original shows tend to outlast revivals. Date: 2004 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:11:y:2004:i:10:p:639-643 Ordering information: This journal article can be ordered from DOI: 10.1080/1350485042000227304 Access Statistics for this article Applied Economics Letters is currently edited by Anita Phillips More articles in Applied Economics Letters from Taylor & Francis Journals |
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