Skip navigation
Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorKrueger, Alan B.en_US
dc.description.abstractBeginning in 1997, the price of concert tickets took off, and ticket sales and the number of concerts performed by top artists declined. From 1996 to 2003, for example, the average concert price increased by 82 percent while the CPI increased by just 17 percent. This paper summarizes and seeks to understand trends in the concert industry from 1981 to 2003. Explanations that are examined include: 1) the possible crowding out of the secondary ticket market; 2) rising superstar effects; 3) Baumol and Bowen’s disease; 4) increased concentration of concert promoters; and 5) the erosion of complementarities between concerts and album sales because of file sharing and CD copying. The paper tentatively concludes that the decline in complementarities between concerts and album sales is the main cause of the recent surge in concert prices and decline in ticket sales.en_US
dc.relation.ispartofseriesWorking Papers (Princeton University. Industrial Relations Section) ; 484en_US
dc.subjecteconomics of superstarsen_US
dc.subjectrock and rollen_US
dc.titleThe Economics of Real Superstars: The Market for Rock Concerts in the Material Worlden_US
dc.typeWorking Paperen_US
Appears in Collections:IRS Working Papers

Files in This Item:
File Description SizeFormat 
484.pdf385.74 kBAdobe PDFView/Download

Items in Dataspace are protected by copyright, with all rights reserved, unless otherwise indicated.