The DOI matches its Crossref record.
The Economics of Real Superstars: The Market for Rock Concerts in the Material World
Abstract
Beginning in 1997, the price of concert tickets took off and ticket sales declined. From 1996 to 2003, for example, the average concert price increased by 82%, while the CPI increased by 17%. Explanations for price growth include (1) the possible crowding out of the secondary ticket market, (2) rising superstar effects, (3) Baumols and Bowen's disease, (4) increased concentraion of promoters, and (5) the erosion of complementarities between concerts and album sales because of file sharing and CD copying. The article tentatively concludes that the decline in complementarities is the main cause of the recent surge in concert prices.
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Citations
Cited by
Experimental Study of Inequality and Unpredictability in an Artificial Cultural Market
Salganik, M. J., Dodds, P. S., & Watts, D. J. (2006) · Science · doi:10.1126/science.1121066 · Cited by 2,231
Metadata
- Authors
- Krueger, A. B.
- Venue
- Journal of Labor Economics
- Publisher
- University of Chicago Press
- Published
- 2005-01
- Volume
- 23
- Issue
- 1
- Pages
- 1-30
- ISSN
- 0734-306X (ISSN-L)
- 1537-5307
- OpenAlex
- W2043083813
- Cited by
- 322
- References
- 0
- FWCI
- 26.66
- Type
- journal article
- Language
- en
- Open access
- closed
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- Krueger, A. B. (2005). The Economics of Real Superstars: The Market for Rock Concerts in the Material World. Journal of Labor Economics. https://doi.org/10.1086/425431
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
