GOVERNMENT INTERVENTION TO PREVENT BANKRUPTCY: THE EFFECT OF BLIND-BIDDING LAWS ON MOVIE THEATERS.
In the 1970s motion picture studios increased their use of blind bidding and nonrefundable guarantees in an attempt to reduce the risks associated with producing a small number of large budget films. However, theater owners claimed that blind bidding and guarantees shifted risk to them and increased...
| Publicado en: | Economic Inquiry Vol. 50; no. 4; pp. 1000 - 1018 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Oct2012
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=82188358&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 82188358 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: Y pubinfo: dt: Oct2012 vid: 50 iid: 4 pid: 480 pub: Wiley-Blackwell artinfo: ui: 82188358 10.1111/j.1465-7295.2011.00399.x ppf: 1000 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P size: 13.5MB tig: atl: GOVERNMENT INTERVENTION TO PREVENT BANKRUPTCY: THE EFFECT OF BLIND-BIDDING LAWS ON MOVIE THEATERS. aug: au: MULLIGAN, JAMES G. WEDZIELEWSKI, DANIEL J. affil: Mulligan: Professor and Director of Graduate Studies, Department of Economics, University of Delaware, Newark, DE 19716. Phone 302‐831‐1918, Fax 302‐831‐6968, E‐mail Wedzielewski: University of Delaware. E‐mail su: United States Lobbying Motion picture industry Motion picture distribution Motion picture distribution laws Motion picture distributors Motion picture theaters Motion picture theaters -- Law & legislation Suretyship & guaranty Multiplex theaters United States history, 1945- sug: subj: Lobbying United States Public Relations Agencies Motion picture and video exhibition Motion Picture and Video Production Motion Picture and Video Distribution Other Motion Picture and Video Industries Commercial and Institutional Building Construction Motion Picture Theaters (except Drive-Ins) Motion picture industry Motion picture distribution Motion picture distribution laws Motion picture distributors Motion picture theaters Motion picture theaters -- Law & legislation Suretyship & guaranty Multiplex theaters United States history, 1945- ab: In the 1970s motion picture studios increased their use of blind bidding and nonrefundable guarantees in an attempt to reduce the risks associated with producing a small number of large budget films. However, theater owners claimed that blind bidding and guarantees shifted risk to them and increased the likelihood of bankruptcy, because they were required to bid for the right to exhibit a movie without seeing it first. In response to the lobbying of theater owners, 24 states passed laws between 1978 and 1984 that banned blind bidding, while 7 states also banned nonrefundable guarantees. This paper provides the first empirical analysis of the conflicting claims made by theater owners and movie studios about the impact of these laws on the survival rates of independent theaters, admission prices, and delays in the release of movies. We find that the laws were not only ineffective in keeping theater owners at risk of bankruptcy from exiting the market; they may have been even detrimental to those theater owners converting theaters to multiplexes at that time. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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