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What's an Oscar worth?
Author(s) -
Nelson RA,
Donihue MR,
Waldman DM,
Wheaton C
Publication year - 2001
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.2001.tb00046.x
Subject(s) - nomination , revenue , sample (material) , best practice , economics , actuarial science , management , finance , political science , law , chemistry , chromatography
This article examines the impact of an Academy Award nomination and award for best picture, best actor/actress, and best supporting actor/actress on a film's (i) market share of theaters, (ii) average revenue per screen, and (iii) its probability of survival. The model is estimated using weekly box‐office data for a matched sample of nominated and non‐nominated films. The results indicate substantial financial benefits for a nomination and award for best picture and best actor/actress. The structure of rewards is consistent with that found in two‐stage, single‐elimination tournaments.