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Fine Young Cannibals in the U.S. Motion Picture Exhibition Market
P.J.Davis
Using a large and comprehensive theater level database covering over
$18billion in theater revenues over a five year period, I document the extent and
nature of entry, exit, revenue cannibalization and market expansion that occurred
during the height of the 1990’s boom in movie theater construction. The boom
culminated when four of the six the largest cinema chains in the US went into
bankruptcy protection during 2000. Along the way, I examine industry and
media claims that the construction boom actually caused the bankruptcies. If true,
such claims would raise important questions about the relationship between
private and social returns to investment.
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Публикации с ключевыми словами: competition - market structure - рыночная структура - структура рынка - predatory - fair practice - antitrust
Публикации со словами в тексте: competition - market structure - рыночная структура - структура рынка - predatory - fair practice - antitrust
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