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Motion picture profit, the stable Paretian hypothesis, and the curse of the superstar

✍ Scribed by Arthur S De Vany; W.David Walls

Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
385 KB
Volume
28
Category
Article
ISSN
0165-1889

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✦ Synopsis

This paper investigates the stable distribution as a model of proΓΏt in motion pictures. The skew of this distribution and its Paretian tails capture with great ΓΏdelity the statistics of the movies. Features of the business such as the "nobody knows principle," the "curse of the superstar," the "angel's nightmare," the instability of proΓΏt, and the form of artist contracts follow from the properties of the stable distribution.

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