INCREASING RETURNS TO INFORMATION - EVIDENCE FROM THE HONG-KONG MOVIEMARKET

Authors
WALLS WD
Citation
Wd. Walls, INCREASING RETURNS TO INFORMATION - EVIDENCE FROM THE HONG-KONG MOVIEMARKET, Applied economics letters, 4(5), 1997, pp. 287-290
Citations number
17
Categorie Soggetti
Economics
Journal title
Applied economics letters → ACNP
ISSN journal
13504851
Volume
4
Issue
5
Year of publication
1997
Pages
287 - 290
Database
ISI
SICI code
1350-4851(1997)4:5<287:IRTI-E>2.0.ZU;2-W
Abstract
We examine a sample of 300 movies that appeared on the top-10 charts i n Hong Kong. We apply an empirical test proposed by Ijiri and Simon (1 974) and find that movie revenues in the territory of Hong Kong are co nsistent with the hypothesis of increasing returns to information. Thi s empirical result confirms the results of De Vany and Walls (1996) wh o found evidence of increasing returns to information in their analysi s of movie data from the US Top-50 charts.