The Concentration of Commercial Success in Popular Music: An Analysis of the Distribution of Gold Records

14 Pages Posted: 24 Feb 2013

See all articles by Raymond Cox

Raymond Cox

Thompson Rivers University

James Felton

Central Michigan University - Department of Finance and Law

Kee H. Chung

State University of New York at Buffalo - School of Management

Date Written: December 1, 1994

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 multiple-gold-record performing artists. However, for all measures of “successful” records, the Generalized Lotka’s Law provides an excellent fit, which suggests that the number of performers producing n gold records is about 1/nc of those producing one gold record.

Keywords: Lotka's Law, Generalized Lotka's Law, gold records, music industry, commercial success

JEL Classification: A14

Suggested Citation

Cox, Raymond and Felton, James and Chung, Kee H., The Concentration of Commercial Success in Popular Music: An Analysis of the Distribution of Gold Records (December 1, 1994). Journal of Cultural Economics, 1995, Vol. 19, No. 4, 333-340, Available at SSRN: https://ssrn.com/abstract=2222958

Raymond Cox (Contact Author)

Thompson Rivers University ( email )

900 McGill Road
Kamloops, British Columbia V2C 0C8
Canada
250-852-6387 (Phone)

HOME PAGE: http://www.tru.ca/business/facultyresearch/faculty/facultybios/raymond_cox_bio.html

James Felton

Central Michigan University - Department of Finance and Law ( email )

Mount Pleasant, MI 48859
989-774-3269 (Phone)
989-774-6456 (Fax)

Kee H. Chung

State University of New York at Buffalo - School of Management ( email )

Buffalo, NY 14260
United States
716-645-3262 (Phone)
716-645-3823 (Fax)

HOME PAGE: http://mgt.buffalo.edu/faculty/academic-departments/finance/faculty/kee-chung.html

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