Header

UZH-Logo

Maintenance Infos

It's not the economy, stupid! External effects on the supply and demand of cinema entertainment


von Rimscha, M Bjørn (2013). It's not the economy, stupid! External effects on the supply and demand of cinema entertainment. Journal of Cultural Economics, 37(4):433-455.

Abstract

The paper addresses whether the state of the economy impacts the supply of and demand for cinema entertainment. A literature review on the drivers of cinema supply and demand is provided, and two competing hypotheses are extracted. Economic downturns could either lead to a sober mood and drive the interest in serious genres or drive the need for distraction leading to an increased interest in feel-good or action movies. However, characteristics of the movie industry suggest that economic key factors have only limited effects on supply and demand. A time series analysis of supply and demand in three major European markets indicate that demand is unrelated to the state of the economy. In aggregate, the demand does not instruct supply. Fluctuations in individual movie quality superpose potential effects of the economic context on the aggregated demand. Simultaneously, a focus on film as art superposes potential effects of the economic context on the supply.

Abstract

The paper addresses whether the state of the economy impacts the supply of and demand for cinema entertainment. A literature review on the drivers of cinema supply and demand is provided, and two competing hypotheses are extracted. Economic downturns could either lead to a sober mood and drive the interest in serious genres or drive the need for distraction leading to an increased interest in feel-good or action movies. However, characteristics of the movie industry suggest that economic key factors have only limited effects on supply and demand. A time series analysis of supply and demand in three major European markets indicate that demand is unrelated to the state of the economy. In aggregate, the demand does not instruct supply. Fluctuations in individual movie quality superpose potential effects of the economic context on the aggregated demand. Simultaneously, a focus on film as art superposes potential effects of the economic context on the supply.

Statistics

Citations

Dimensions.ai Metrics
1 citation in Web of Science®
2 citations in Scopus®
4 citations in Microsoft Academic
Google Scholar™

Altmetrics

Downloads

1127 downloads since deposited on 06 Nov 2012
157 downloads since 12 months
Detailed statistics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Department of Communication and Media Research
Dewey Decimal Classification:700 Arts
Language:English
Date:2013
Deposited On:06 Nov 2012 15:55
Last Modified:19 Sep 2018 12:30
Publisher:Springer
ISSN:0885-2545
OA Status:Green
Publisher DOI:https://doi.org/10.1007/s10824-012-9192-4

Download

Download PDF  'It's not the economy, stupid! External effects on the supply and demand of cinema entertainment'.
Preview
Content: Accepted Version
Filetype: PDF
Size: 507kB
View at publisher
Content: Published Version
Language: English
Filetype: PDF (Nationallizenz 142-005) - Registered users only until 1 November 2018
Size: 489kB
Embargo till: 2018-11-01