We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Globalization and the rise of action movies in hollywood.
- Authors
Leung, Tin Cheuk; Qi, Shi
- Abstract
This paper shows that Globalization contributes significantly to the rise of Action movies in Hollywood. Incorporating both the intensive and extensive margins in trade, this paper develops a structural model to allow movie-quality production heterogeneity across genres and countries. The paper finds that Hollywood studios respond to export-market expansion by tailoring their products to international consumers' preferences. As a result, Hollywood increasingly focuses on a few blockbusters, overwhelmingly in the Action genre. The movie industry becomes significantly more concentrated both domestically and abroad. Furthermore, a disproportionate increase in Action movies raises consumer welfare in some countries at other regions' expense.
- Subjects
ACTION &; adventure films; GLOBALIZATION; CONSUMER preferences; MARGINS (Security trading); STRUCTURAL models; ECONOMIC globalization
- Publication
Journal of Cultural Economics, 2023, Vol 47, Issue 1, p31
- ISSN
0885-2545
- Publication type
Article
- DOI
10.1007/s10824-021-09438-z