Quick Review Flashcards
1
Q
19th century
A
-variety shows
-minstrel shows
-vaudeville
-rise of music publishing
2
Q
1910s-1940s (WWI-WWII)
A
-Hollywood Studio System
-Radio
3
Q
1950-1960: Post-war
A
-changes in radio
-rise of TV
4
Q
1970s-1980s
A
-blockbusters
-cable tv
5
Q
1990s-present
A
-internet
6
Q
What two theories sought to explain the superstar effect? Which one is wrong? Which one is right?
A
Wrong: Rosen’s ordinal selection
-heterogeneity of taste
-diminishing marginal utility
Right: Cumulative advantage
-information cascades
-network externalities (addictions goods model vs network externalities model)