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...

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Bibliographic Details
Published in:Economic Inquiry Vol. 50; no. 4; pp. 1000 - 1018
Main Authors: MULLIGAN, JAMES G., WEDZIELEWSKI, DANIEL J.
Format: Article
Published: Wiley-Blackwell Oct2012
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