The creative instability hypothesis


Autoria(s): Earl, Peter E.; Potts, Jason D.
Data(s)

01/05/2013

Resumo

This paper provides an analysis of why many ‘stars’ tend to fade away rather than enjoying ongoing branding advantages from their reputations. We propose a theory of market overshooting in creative industries that is based on Schumpeterian competition between producers to maintain the interest of boundedly rational fans. As creative producers compete by offering further artistic novelty, this escalation of product complexity eventually leads to overshooting. We propose this as a theory of endogenous cycles in the creative industries.

Identificador

http://eprints.qut.edu.au/54431/

Publicador

Springer New YorK LLC

Relação

DOI:10.1007/s10824-012-9174-6

Earl, Peter E. & Potts, Jason D. (2013) The creative instability hypothesis. Journal of Cultural Economics, 37(2), pp. 1-21.

Direitos

Springer Science+Business Media New York 2012

Fonte

ARC Centre of Excellence for Creative Industries and Innovation; Creative Industries Faculty

Palavras-Chave #140299 Applied Economics not elsewhere classified #199999 Studies in the Creative Arts and Writing not elsewhere classified #Creative industries #Economics of creativity #Overshooting #Schumpeterian competition
Tipo

Journal Article