The decline and fall of the European film industry
Sunk costs, market size, and market structure, 1890–1927 1
Bibliographic Data
| ID | 8851582 |
|---|---|
| Authors | Gerben Bakker (0000-0001-6109-0693, University of Essex, corresponding author) |
| Year | 2005 |
| Volume | 58 |
| Issue | 2 |
| Pages | 310-351 |
| Publication date | 2005-04-14 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0289.2005.00306.x |
| OpenAlex | W2145226351 |
| Language | EN |
| Citations received | 21 |
| References cited | 34 |
In the 1900s, the European film industry exported throughout the world, at times supplying half the US market. By 1920, however, European films had virtually disappeared from America, and had become marginal in Europe. Theory on sunk costs and market structure suggests that an escalation of sunk costs during a rapid US growth phase resulted in increased concentration; eight surviving companies dominated international film production and distribution forever after. European film companies, although overall profitable, could not take part, and after the war could not catch up. US, British, and French time series data for 1890–1930 support the theory
Art · Art history · Distribution (mathematics · Economics · Economy · European market · Film industry · Macroeconomics · Marginal cost · Market economy · Movie theater · Neoclassical economics · Production (economics · Sunk costs · Art History and Market Analysis · Cinema and Media Studies
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| Unique citing works | 21 |
|---|---|
| Citations per year | 0,91 |
| Citation span | 2003 - 2022 (20) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 21 |