The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
THE INFLUENCE OF EXPERT REVIEWS ON CONSUMER DEMAND FOR EXPERIENCE GOODS: A CASE STUDY OF MOVIE CRITICS*
Abstract
An inherent problem in measuring the influence of expert reviews on the demand for experience goods is that a correlation between good reviews and high demand may be spurious, induced by an underlying correlation with unobservable quality signals. Using the timing of the reviews by two popular movie critics, Siskel and Ebert, relative to opening weekend box office revenue, we apply a difference-in-differences approach to circumvent the problem of spurious correlation. After purging the spurious correlation, the measured influence effect is smaller though still detectable. Positive reviews have a particularly large influence on the demand for dramas and narrowly-released movies. Copyright Blackwell Publishing Ltd. 2005.
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Citations
Cites
Advertising, learning, and consumer choice in experience good markets: An empirical examination
Ackerberg, D. A. (2003) · International Economic Review · doi:10.1111/1468-2354.t01-2-00098 · Cited by 476
The Narrative Paradigm: in the Beginning
Fisher, W. R. (1984) · Journal of Communication · doi:10.1111/j.1460-2466.1984.tb02986.x · Cited by 35
Cited by
Amblee, N., & Bui, T. (2011) · International Journal of Electronic Commerce · doi:10.2753/jec1086-4415160205 · Cited by 490
Thumbs Up, Sales Up? The Contingent Effect of Facebook Likes on Sales Performance in Social Commerce
Lee, K., Lee, B., & Oh, W. (2015) · Journal of Management Information Systems · doi:10.1080/07421222.2015.1138372 · Cited by 181
Moriuchi, E. (2020) · Psychology & Marketing · doi:10.1002/mar.21301 · Cited by 32
Search & Verify: Misinformation and source evaluations in Internet search results
Dennis, A. R., Moravec, P. L., & Kim, A. (2023) · Decision Support Systems · doi:10.1016/j.dss.2023.113976 · Cited by 16
Metadata
- Authors
- Reinstein, D. A., & Snyder, C. M.
- Venue
- Journal of Industrial Economics
- Publisher
- Wiley
- Published
- 2005-03
- Volume
- 53
- Issue
- 1
- Pages
- 27-51
- ISSN
- 0022-1821
- 1467-6451
- OpenAlex
- W3123123052
- Cited by
- 513
- References
- 2
- Type
- journal article
- Language
- en
- Open access
- closed
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- Reinstein, D. A., & Snyder, C. M. (2005). THE INFLUENCE OF EXPERT REVIEWS ON CONSUMER DEMAND FOR EXPERIENCE GOODS: A CASE STUDY OF MOVIE CRITICS*. Journal of Industrial Economics. https://doi.org/10.1111/j.0022-1821.2005.00244.x
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