Increasing Returns to Information in the U.S. Popular Music Industry

David Giles

No 510, Econometrics Working Papers from Department of Economics, University of Victoria

Abstract: Using data relating to ‘number one’ hits on the Billboard Hot 100 chart, we find clear evidence of increasing returns to information in the U.S. market for popular music. This evidence supports related findings for the motion picture industry in various countries, and for Broadway productions.

Keywords: Popular music; returns to information; Gibrat’s law; Zipf’s Law; Pareto’s law; stable distribution; Bose-Einstein dynamics (search for similar items in EconPapers)
JEL-codes: C4 D12 L1 L82 Z11 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2005-07-07
Note: ISSN 1485-6441
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Increasing returns to information in the US popular music industry (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:vic:vicewp:0510

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