Just how risky is the movie industry? Is screenwriter William Goldman's claim that qnobody knows anythingq really true? Can a star and a big opening change a movie's risks and return? Do studio executives really earn their huge paychecks? These and many other questions are answered in Hollywood Economics. The book uses powerful analytical models to uncover the wild uncertainty that shapes the industry. The centerpiece of the analysis is the unpredictable and often chaotic dynamic behaviour of motion picture audiences. This unique and important book will be of interest to students and researchers involved in the economics of movies, industrial economics and business studies. The book will also be a real eye-opener for film writers, movie executives, finance and risk management professionals as well as more general movie fans.14 Details of the estimation procedure and a Monte Carlo study are given in the STATA Reference Manual (1997, pp. ... 16 There probably are diminishing returns to a moviea#39;s entertainment value from adding more special effects, car crashes, anbsp;...
|Author||:||Arthur De Vany|
|Publisher||:||Routledge - 2004-03-01|