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PricThe musical tribute band is a neglected topic in the field of economics. At first sight, it may seem to be a simple case of general copycatting which has been covered for other products and markets. We provide empirical exploration of the market in the form of a pricing equation using recent data for tribute concerts in Germany. This shows the importance of voluntary withdrawal by the copyright holders or involuntary withdrawal (death or prolonged illness) as ticket prices are statistically significantly higher when the original act, being tributed, no longer exists. We also find features of the act being tributed, such as a proxy for relevance based on the size of their Wikipedia entry, to be statistically significant determinants of ticket price.ing in live music: an empirical analysis of the tribute band sector

Author

Listed:
  • Samuel Cameron

    (Independent researcher)

  • Hendrik Sonnabend

    (FernUniversität in Hagen)

Abstract

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Suggested Citation

  • Samuel Cameron & Hendrik Sonnabend, 2020. "PricThe musical tribute band is a neglected topic in the field of economics. At first sight, it may seem to be a simple case of general copycatting which has been covered for other products and market," Economics Bulletin, AccessEcon, vol. 40(2), pages 890-900.
    • Handle: RePEc:ebl:ecbull:eb-20-00093
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    product identity; copycatting; music business; tribute acts;
    All these keywords.

    JEL classification:

    • J4 - Labor and Demographic Economics - - Particular Labor Markets
    • Z1 - Other Special Topics - - Cultural Economics

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