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| Volume 8, No. 2,
August 2009 |
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The Market for Motion Pictures
in Thailand: Rank, Revenue, and Survival at the Box Office |
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| W. D.
Walls |
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Department of Economics, University of
Calgary, Canada |
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| Abstract |
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We examine the
theatrical market for motion pictures in Thailand using a sample of
films exhibited in 2004–2008. Using data on weekly and cumulative
film revenues, we find strong evidence of increasing returns to
information as indicated by substantial concave departures from the
Pareto size distribution. The distribution of cumulative revenues
across films is consistent with the winner-take-all nature of an
elimination tournament. In contrast to other markets dominated by
Hollywood imports, several of the top-earning films in Thailand are
domestically produced. |
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Key words:
Thai film industry; returns to information; winner-take-all; heavy
tails |
| JEL
classification:
L82 |
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