Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-cd9895bd7-mkpzs Total loading time: 0 Render date: 2024-12-24T12:28:59.675Z Has data issue: false hasContentIssue false

1 - Economic Perspectives

from Part I - Introduction

Published online by Cambridge University Press:  26 June 2020

Harold L. Vogel
Get access

Summary

This chapter provides the economic framework and context in which entertainment and media businesses operate. Covers hours of work, growth rates, population effects, productivity, price effects, industry structures, valuation variables, and basic economic concepts.

Keywords

time usedemographic influenceproductivityoligopolyvaluation metricsprice discriminationelasticity
Type
Chapter
Information
Entertainment Industry Economics
A Guide for Financial Analysis
 , pp. 3 - 47
Publisher: Cambridge University Press
Print publication year: 2020

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Further Reading

Aeppel, T. (2015). “U.S. Productivity: Missing or in Hiding?” Wall Street Journal, July 17.Google Scholar
Aguiar, M., Hurst, E., and Karababounis, L. (2013). “Time Use during the Great Recession,” American Economic Review, 103(5)(August).Google Scholar
Alexander, A., Owers, J., Carveth, R., et al., eds. (2004). Media Economics: Theory and Practice, 3rd ed. Mahwah, NJ: Lawrence Erlbaum Associates.Google Scholar
Aron, C. S. (1999). Working at Play: A History of Vacations in the United States. New York: Oxford University Press.Google Scholar
Athavaley, A. (2007). “Vacation Deflation: Breaks Get Shorter,” Wall Street Journal, August 15.Google Scholar
Cunningham, H. (2014). Time, Work and Leisure Life Changes Since 1700. Manchester University Press.Google Scholar
Cutler, B. (1990). “Where Does the Free Time Go?” American Demographics, 12(11)(November).Google Scholar
Cutler, B. (1983) “The Determinants of Working Hours,” OECD Employment Outlook, September.Google Scholar
Epstein, G. (1995). “Myth: Americans Are Working More. Fact: More Women Are Working,” Barron’s, April 3.Google Scholar
Filer, R. K., Hamermesh, D. S., and Rees, A. E. (1996). The Economics of Work and Play, 6th ed. New York: HarperCollins.Google Scholar
Gabriel, T. (1995). “A Generation’s Heritage: After the Boom, a Boomlet,” New York Times, February 12.Google Scholar
Gray, M. B. (1992). “Consumer Spending on Durables and Services in the 1980s,” Monthly Labor Review, 115(5)(May).Google Scholar
Harrington, S., ed. (2017). Entertainment Values: How Do We Assess Entertainment and Why Does It Matter? New York: Palgrave Macmillan.Google Scholar
Hedges, J. N. (1980). “The Workweek in 1979: Fewer but Longer Workdays,” Monthly Labor Review, 103(8)(August).Google Scholar
Hunnicutt, B. K. (1988). Work without End: Abandoning Shorter Hours for the Right to Work. Philadelphia: Temple University Press.Google Scholar
Jablonski, M., Kunze, K., and Otto, P. (1990). “Hours at Work: A New Base for BLS Productivity Statistics,” Monthly Labor Review, 113(2)(February).Google Scholar
Kirkland, K. (2000). “On the Decline in Average Weekly Hours Worked,” Monthly Labor Review, 123(7)(July).Google Scholar
Malabre, A. L., Jr., and Clark, L. H., Jr. (1992). “Productivity Statistics for the Service Sector May Understate Gains,” Wall Street Journal, August 12.Google Scholar
Marano, H. E. (1999). “The Power of Play,” Psychology Today, 32(4)(August).Google Scholar
Meyersohn, R., and Larrabee, E. (1958). “A Comprehensive Bibliography on Leisure, 1900–1958,” in Mass Leisure. Glencoe, IL: Simon & Schuster (Free Press). Also in American Journal of Sociology, 62(6)(May 1957).Google Scholar
Moore, G. H., and Hedges, J. N. (1971). “Trends in Labor and Leisure,” Monthly Labor Review, 94(2)(February).Google Scholar
Oi, W. (1971). “A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly,” Quarterly Journal of Economics, 85(February).Google Scholar
Owen, J. D. (1971). “The Demand for Leisure,” Journal of Political Economy, 79(1)(January/February).Google Scholar
Pollak, R. A., and Wachter, M. L. (1975). “The Relevance of the Household Production Function and Its Implications for the Allocation of Time,” Journal of Political Economy, 83(2).Google Scholar
Prescott, E. C. (2004). “Why Do Americans Work so Much More Than Europeans?” Quarterly Review, 28(1)(July). Federal Reserve Bank of Minneapolis.Google Scholar
Reilly, R. F., and Schweihs, R. P. (1999). Valuing Intangible Assets. New York: McGraw-Hill.Google Scholar
Rhoads, C. (2002). “Short Work Hours Undercut Europe in Economic Drive,” Wall Street Journal, August 8.Google Scholar
Robbins, L. (1930). “On the Elasticity of Income in Terms of Effort,” Economica, 10 (June).Google Scholar
Robinson, J. P., Martin, S., Glorieux, I., and Minnen, J. (2011). “The Overestimated Workweek Revisited,” Monthly Labor Review, 134(6)(June).Google Scholar
Toossi, M. (2012). “Labor Force Projections to 2020: A More Slowly Growing Workforce,” Monthly Labor Review, 135(1)(January).Google Scholar
Tribe, J. (2011). The Economics of Recreation, Leisure and Tourism. Oxford: Elsevier (Butterworth-Heinemann).Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×