Cinema Distribution and Exhibition in Austria – An Analysis of the Economics of Market Failure and Imperfect Competition
Type
conference paper
Date Issued
2004-05-13
Author(s)
Abstract
The present article explores cinema economics in Austria from a supply-side media economics perspective. The main objective is to provide theoretical and empirical analysis for current changes in the economics of film distribution and exhibition in Austria. Theoretical challenge is to discuss the paradigms of market failure and imperfect competition for the cinema distribution and exhibition industry. Further, empirical evidence of market failure and imperfect competition will be assessed against theoretical assumptions and discussed with regard to effects on competition in the Austrian market. We argue that economic forces of market failure and imperfect competition cause economic inefficiencies. These forces also cause welfare losses in terms of reduced image diversity and plurality of outlets, and, consequently, a reduction in the diversity of views. which will endanger diversity and a pluralistic cultural supply.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Event Title
6th World Media Economics Conference
Event Location
Montreal, Canada
Event Date
12-15.05.2004
Subject(s)
Division(s)
Eprints ID
20644