Hui and Png (2002)
|Hui and Png (2002)|
|Title:||On the Supply of Creative Work: Evidence from the Movies|
|Author(s):||Hui, K. L., Png, I. P.|
|Citation:||Hui, K.-L., and I.P .L. Png. 2002. “On the Supply of Creative Work: Evidence from the Movies”. The American Economic Review 92(2);217-220|
|Link(s):||, Open Access|
|Key Related Studies:|
|Linked by:||Fetscherin (2005)|
|About the Data|
|Data Description:||418 observations of full length movies, excluding made for TV and videotape, collected from IMDB and GMID between 1990-2000.|
|Data Type:||Secondary data|
|Secondary Data Sources:|
|Data Collection Methods:|
|Data Analysis Methods:|
|Cross Country Study?:||Yes|
|Government or policy study?:|
|Time Period(s) of Collection:||
In this paper, we investigate the impact of economic incentives on the ionternational supply of big-sceen movies. More particularly, we also study the impact of a 1998 increase in the term of copyrigth on U.S. movie production.
Main Results of the Study
The authors investigated two questions
- The impact of economic incentives on the supply of creative works
- How did the 1998 copyright term extension act (CTEA) effect movie production.
- The authors found that supply for movies was elastic and sensitive to shifts in demand due to personal income and videotape ownership.
- The impact of TV ownership was marginally significant and suggests a substitution effect between TV and movies.
- The authors found that supply of movies did respond positively to economic incentives but the copyright term extension had relatively little impact on the creation of new works
Policy Implications as Stated By Author
Suggests that the 1998 CTEA did not incentivise new works