The supply and demand for cinema tickets: Some U.K. Evidence

Cameron, Samuel

doi:10.1007/bf00223822

Cited by 36 publications

(27 citation statements)

References 5 publications

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“…Only a few studies in the field of cultural economics have been conducted using data for other countries, and all of them have been applied to cinema activities (Cameron 1986;Dewenter and Westermann 2005).…”

Section: Literature Reviewmentioning

confidence: 99%

The Evolution of Theatre Attendance in Italy: Patrons and Companies

Castiglione

Infante

2017

Enhancing Participation in the Arts in the EU

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This paper examines the Italian theatre market from both the demand and supplyside. The descriptive analysis shows that the Italian theatre market is, mainly, localized in the Northern and Central Italian regions for both patrons and companies, confirming a cultural divide between the Southern and the rest of the Italian regions also in the theatrical sector. Like many other European countries, the performing arts in Italy are subsided by public funds through the so-called Fondo Unico per lo Spettacolo (FUS), thereby influencing theatre performance and attendance. As expected, the distribution of the FUS follows the localization of the theatrical companies. The empirical analysis is conducted using 34-year panel data for the 20 Italian regions. By applying the seemingly unrelated regression (SUR) estimation technique, we identify the factors influencing theatre demand and supply. The estimated results confirm as determinants of theatre demand, price and consumer income and additionally, cultural capital (proxied by education), substitute goods (such as cinema) and other contextual factors (such as tourists flows and territorial area). In contrast, theatre supply is influenced by income, previous historical attendance, theatrical employment, and other contextual factors linked to territorial and public subsidies.

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Section: Literature Reviewmentioning

confidence: 99%

The Evolution of Theatre Attendance in Italy: Patrons and Companies

Castiglione

Infante

2017

Enhancing Participation in the Arts in the EU

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“…Belson (1958), Cameron (1986), andMacMillan andSmith (2001) all identify the proliferation of television as the most important driver of cinema attendance in Britain. However, the effect of the video recorder as the next innovation in audio-visual home entertainment is less agreed upon.…”

Section: Demandmentioning

confidence: 99%

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

Rimscha

2012

J Cult Econ

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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 feelgood 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. AbstractThe 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.

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“…However, estimated price elasticites vary widely across different studies. In the short run, Cameron (1986) finds a price elasticity of 0.8, Sisto and Zanola (2005) estimate 0.37, and Dessy and Gambaro (2008) estimate 0.27. Long-run elasticities are generally higher (in absolute terms) and estimated to be 2.25 (Dewenter and Westermann (2005)), 3.51 (Fernández Blanco and Baños Pino (1997)), and 0.8 (Sisto and Zanola (2005)).…”

Section: Introductionmentioning

confidence: 97%

“…Cameron (1986) uses UK macro time-series data and finds a significant negative impact of TV set diffusion on cinema demand, which means that TV must be seen as a substitute for cinema. Fernández Blanco and Baños Pino (1997) confirm this for Spain, and Dewenter and Westermann (2005) for Germany.…”

Section: Introductionmentioning

confidence: 99%

Searching for the Concentration-Price Effect in the German Movie Theater Industry

Böhme

Müller

2011

Jahrbücher Für Nationalökonomie Und Statistik

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This paper investigates whether a price-concentration relationship can be found on local cinema markets in Germany. First, we test a model of monopolistic pricing using a new set of German micro data and find no significant difference in admission prices on monopoly and oligopoly markets. In a next step, we test whether this can be explained by the existence of local monopolies, but find no hint of that. Implicit or explicit collusion among cinema operators might explain our observations. JEL Classifications: L11, L82, R32

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The supply and demand for cinema tickets: Some U.K. Evidence

Cited by 36 publications

References 5 publications

The Evolution of Theatre Attendance in Italy: Patrons and Companies

The Evolution of Theatre Attendance in Italy: Patrons and Companies

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

Searching for the Concentration-Price Effect in the German Movie Theater Industry

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