Addictive behavior in cinema demand: evidence from Korea
Sangho Kim and
Donghyun Park ()
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Sangho Kim: College of Business, Honam University, Gwangju 506-714, KOREA
No 1002, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre
It is intuitively plausible that the demand for cinema services may be partly driven by addiction or habit. Yet there is almost no empirical literature which tests for whether cinema demand is addictive. We estimate addiction models for cinema demand using Korean time series data from 1963 to 2004. Our estimation results indicate that (i) addictive behavior characterizes the demand for cinema services, (ii) this behavior is rational, and (iii) habit is one of most important determinants of cinema demand. Our results also reveal that cinema attendance is generally insensitive to admission price and unrelated to income.
Keywords: Cinema demand; rational addiction; myopic addiction; two-stages least squares; time-series analysis (search for similar items in EconPapers)
JEL-codes: Z10 D12 C32 L82 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:nan:wpaper:1002
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