LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

Power Laws and Market Shares: Cumulative Advantage and the Billboard Hot 100

Photo from wikipedia

AbstractThe existence of highly skewed success distributions in the music industry has been repeatedly demonstrated by scholars, but there still is no agreement about how these shapes relate to concepts… Click to show full abstract

AbstractThe existence of highly skewed success distributions in the music industry has been repeatedly demonstrated by scholars, but there still is no agreement about how these shapes relate to concepts like ‘talent’, ‘reputation’ and ‘quality’. Starting from the theories of Rosen and Adler, this article concentrates mainly on the phenomenon referred to as cumulative advantage, as one of the leading candidate mechanisms to explain the formation of the ‘power law-like’ distributions found in, e.g. the sales of music recordings. We make the case for the pivotal role of the market share approach in the music industry and demonstrate its efficacy as a ‘success measure’ methodology by providing a descriptive summary with regard to ‘connotations’ of cumulative advantage based on 50 years of Billboard Hot 100® history. Our results indicate that, while records that have sold well will keep on selling, the same might not be true for recording artists. However, a modest ‘star power’ effect may have represented a sm...

Keywords: music; power; advantage; billboard hot; hot 100; cumulative advantage

Journal Title: Journal of New Music Research
Year Published: 2017

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.