The concentration of commercial success in popular music: An analysis of the distribution of gold records |
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| Authors: | Raymond A K Cox James M Felton Kee H Chung |
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| Institution: | (1) College of Business Administrtion, Central Michigan University, 48859 Mt. Pleasant, MI, USA;(2) Fogelman College of Business, University of Memphis, 38152 Memphis, TN, USA |
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| Abstract: | This paper examines whether commercial success in the popular recorded-music industry, as measured by gold-record output, conforms to an empirical concentration. We find that Lotka's Law overestimates the number of artists with one gold record and underestimates the number of multiplegold-record performing artists. However, for all measures of  successful records, theGeneralized Lotka's Law provides an excellent fit, which suggests that the number of performers producingn gold records in about 1/n
c of those producing one gold record. |
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