Papers on Movies, Film, Motion-Picture Industry, Cinema Economics, Hollywood ...


This is a listing of my papers on the motion-picture industry.

Hollywood Models cover art

  1. W. D. Walls.  "Screen wars, star wars, and sequels: Nonparametric reanalysis of movie profitability."  Empirical Economics, 37(2):447-461, October 2009.  Available at http://dx.doi.org/10.1007/s00181-008-0240-z 
  2. W. D. Walls. "Modeling heavy tails and skewness in film returns."  Applied Financial Economics, vol. 15, November 2005.  Available at http://dx.doi.org/10.1080/0960310050391040 
  3. W. D. Walls.  "Modeling movie success when `nobody knows anything':  Conditional stable-distribution analysis of film returns."  Journal of Cultural Economics, vol. 29, no. 3, August 2005.  Available at http://dx.doi.org/10.1007/s10824-005-1156-5 
  4. W. D. Walls.  "Demand stochastics, supply adaptation, and the distribution of film earnings." Applied Economics Letters, vol. 12, no. 10, August 2005.  Available at http://dx.doi.org/10.1080/13504850500166246 
  5. W. D. Walls.  "Revenues, profitability, and returns:  Clinical analysis of the market for mobster films." International Journal of Business and Economics, vol.3, no.2, pages 93-106, August 2004.  Available at http://www.ijbe.org/table%20of%20content/pdf/vol3-2/vol3-2-01.pdf
  6. W. D. Walls.  "Using extreme value theory to improve managerial decision-making with an application to the Chinese cinema in Hong Kong."  International Journal of Management, vol. 23, no. 1, pages 3-11, March 2006.  Available at  http://www.internationaljournalofmanagement.co.uk/2006/2006-1.html#a1
  7. W. D. Walls.  "Robust analysis of film earnings."  Journal of Media Economics, vol. 22, no. 1, pages 20-35, 2009.  http://dx.doi.org/10.1080/08997760902724662
  8. W. D. Walls.  "Batman versus God of Gamblers:  Modeling competition between Chinese and foreign-language movies in Hong Kong using a two-way hazard model with time-varying covariates."  Work in progress.
  9. Frank W. Rusco and W. D. Walls.  "Independent film finance, pre-sale agreements, and the distribution of film earnings."  This paper appears as Chapter 2 in V. Ginsgurgh, editor, The Economics of Art and Culture.  Contributions to Economic Analysis No. 260, Elsevier Science, Amsterdam, 2004.
  10. A. De Vany and W. D. Walls.  "Motion picture profit, the stable Paretian hypothesis, and the curse of the superstar."  Journal of Economic Dynamics and Control, March 2004.  Available at  http://dx.doi.org/10.1016/S0165-1889(03)00065-4
  11. A. De Vany and W. D. Walls.  "Big budgets, big openings, and legs: Analysis of the blockbuster strategy."  The Asian Economic Review, vol. 47, no. 2.
  12. A. De Vany and W. D. Walls.  "Quality evaluations and the breakdown of statistical herding in the dynamics of box-office revenue."  The Asian Economic Review, vol. 46, no. 1.
  13. A. De Vany and W. D. Walls.  "Bose-Einstein dynamics and adaptive contracting in the motion-picture industry."  The Economic Journal, November 1996.  Available at http://www.jstor.org/sici?sici=0013-0133(199611)106%3A439%3C1493%3ABDAACI%3E2.0.CO%3B2-K&origin=bc
  14. A. De Vany and W. D. Walls.  "The market for motion pictures: Rank, revenue, and survival."  Economic Inquiry, 1997.  Available at http://dx.doi.org/10.1111/j.1465-7295.1997.tb01964.x
  15. W. D. Walls.  "Increasing returns to information: Evidence from the Hong Kong movie market."  Applied Economics Letters, 1997.  Available at http://dx.doi.org/10.1080/758532594
  16. W. D. Walls.  "Product survival at the cinema: Evidence from Hong Kong."  Applied Economics Letters, 1998.  Available at http://dx.doi.org/10.1080/135048598354843
  17. W. D. Walls. "Measuring and managing uncertainty with an application to the Hong Kong movie business."  International Journal of Management, 2000.  
  18. A. De Vany and W. D. Walls.  "Uncertainty in the movie industry: Does star power reduce the terror of the box office?"  Journal of Cultural Economics, November 1999.  Available at http://dx.doi.org/10.1023/A:1007608125988
  19. A. De Vany and W. D. Walls.  " Does Hollywood make too many R-rated movies? Risk, stochastic dominance, and the illusion of expectation."  Journal of Business, 2002.  Available at http://dx.doi.org/10.1086/339890
  20. A. De Vany and W. D. Walls.  "How can movie profits be so large and yet so elusive?  The alpha-stable distribution." This paper appears in B. Mallen, editor, Proceedings of the Third Annual Business and Economics Scholars Workshop in Motion Picture Industry Studies. The DeSantis Centre for Motion Picture Industry Studies, Boca Raton, pp. 1-20, 2001.
  21. Frank W. Rusco and W. D. Walls.  "The residual earnings of feature films."  Forthcoming in B. Mallen, editor, Proceedings of the Fifth Annual Business and Economics Scholars Workshop in Motion Picture Industry Studies. The DeSantis Centre for Motion Picture Industry Studies, Boca Raton, 2003.
  22. W. D. Walls.  "Economics of motion pictures."   In L. Blume and S. Durlauf, editors, The New Palgrave Dictionary of Economics.  Volume 5, second edition, Palgrave Macmillan Ltd., London, pp. 787-791, 2008.  Available at http://0-www.dictionaryofeconomics.com.library.lemoyne.edu/article?id=pde2008_E000223
  23. W. D. Walls.  "Entertainment Industry."  In W. Darity, editor, International Encyclopedia of the Social Sciences, second edition, Macmillan Reference USA, New York, pp. 600-604, 2008.
  24. A. De Vany and W. D. Walls.  "Estimating the effects of movie piracy on box-office revenue."  Review of Industrial Organization, July 2007.  Available at http://dx.doi.org/10.1007/s11151-007-9141-0
  25. W. D. Walls.  "Cross-country analysis of  movie piracy."  Applied Economics, May 2008.  Available online at http://dx.doi.org/10.1080/13504850600707337
  26. W. D. Walls.  "The market for motion pictures in Thailand: Rank, revenue, and survival at the box office."  International Journal of Business and Economics, volume 8, number 2, August 2009.  Available online at http://www.ijbe.org/table%20of%20content/pdf/vol8-2/vol8-2-02.pdf
  27. W. D. Walls.  "General stable models of the rate of return to Hollywood films."  Advances and Applications in Statistical Sciences, 2(1):19-36, 2010.  http://www.mililink.com/issue_content.php?id=58&iId=143
  28. P. J. Harvey and W. D. Walls.  "DVD movie piracy in Hong Kong: Autopsy of the brick-and-mortar market?"  International Journal of Management, volume 27, number 1, April 2010.  http://www.internationaljournalofmanagement.co.uk/2010/2010-1.html
  29. W. D. Walls.  "Superstars and heavy tails in recorded entertainment:  Empirical analysis of the market for DVDs."   Journal of Cultural Economics,34(4):261-279, November 2010.  Available online at http://dx.doi.org/10.1007/s10824-010-9125-z
  30. W. D. Walls.  Hollywood Models:  A Toolkit of Quantitative Models Applied to the Movie Business.  Lambert Academic Publishing, Saarbrücken, Germany.  Available online at Amazon.com
  31. W. D. Walls and J. McKenzie.  "The changing role of Hollywood in the global movie market."  Journal of Media Economics, 25(4):198-219, December 2012.  Available online at http://dx.doi.org/10.1080/08997764.2012.729544
  32. J. McKenzie and W. D. Walls.  "Australian films at the Australian box office: Performance, distribution, and subsidies."  Journal of Cultural Economics, 37(1):247-269, May 2013.  Available online at http://dx.doi.org/10.1007/s10824-012-9181-7
  33. W. D. Walls.  "Bestsellers and blockbusters: Movies, music, and books."  Chapter 8 in V. Ginsburgh and D. Throsby, editors, Handbook of the Economics of Art and Culture, Volume 2, North-Holland, Amsterdam, pp. 185-214..
  34. J. McKenzie and W. D. Walls.  "File sharing and film revenues: An empirical analysis."  Working paper.
  35. W. D. Walls and J. McKenzie.  "Modeling black swans in entertainment with an application to motion pictures."  Work in progress.


Papers 10, 11, 12, 13, 14, 18 and 19 listed above were included in Art De Vany's book, Hollywood Economics.  

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