The Decline and Fall of the European Film Industry: Sunk Costs, Market Size and Market Structure, 1890-1927

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dc.contributor.author BAKKER, Gerben
dc.date.accessioned 2012-09-12T10:14:46Z
dc.date.available 2012-09-12T10:14:46Z
dc.date.issued 2005
dc.identifier.citation Economic History Review, 2005, 58, 2, 310-351 en
dc.identifier.issn 1468-0289
dc.identifier.uri http://hdl.handle.net/1814/23738
dc.description.abstract In the 1900s, the European film industry exported throughout the world, at times supplying half the US market. By 1920, however, European films had virtually disappeared from America, and had become marginal in Europe. Theory on sunk costs and market structure suggests that an escalation of sunk costs during a rapid US growth phase resulted in increased concentration; eight surviving companies dominated international film production and distribution forever after. European film companies, although overall profitable, could not take part, and after the war could not catch up. US, British, and French time series data for 1890–1930 support the theory. en
dc.language.iso en en
dc.title The Decline and Fall of the European Film Industry: Sunk Costs, Market Size and Market Structure, 1890-1927 en
dc.type Article en
dc.identifier.doi 10.1111/j.1468-0289.2005.00306.x


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