Working Paper: NBER ID: w11282
Authors: Marie Connolly; Alan B. Krueger
Abstract: This paper considers economic issues and trends in the rock and roll industry, broadly defined. The analysis focuses on concert revenues, the main source of performers ' income. Issues considered include: price measurement; concert price acceleration in the 1990s; the increased concentration of revenue among performers; reasons for the secondary ticket market; methods for ranking performers; copyright protection; and technological change.
Keywords: popular music; concert revenues; economic issues; rockonomics
JEL Codes: Z1; L82; O34
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| concert prices (L82) | concert revenues (Z23) |
| decline in record sales (F61) | concert revenues (Z23) |
| concert pricing (D49) | demand elasticity (D12) |
| concert prices (L82) | attendance (I29) |
| scalpers' prices (P22) | market-clearing levels (D41) |
| top 1% of artists (Z11) | total concert revenues (Z23) |