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Author: | Frank, J. |
Title: | Perverse outcomes of intense competition in the popular arts and its implications for product quality |
Journal: | Journal of Cultural Economics
2008 : VOL. 32:3, p. 215-224 |
Index terms: | arts product quality competition market entry |
Freeterms: | popular arts artist talent |
Language: | eng |
Abstract: | This article discusses the relation between product quality and competition in the popular arts. Especially the authors focused on the market entry of new promising artists and their products. The different scenarios are tested through a simulation model to show the implications of tighten competition on the artists and the quality of art output. |
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