The Decline and Fall of the European Film Industry: Sunk Costs, Market Size, and Market Structure, 1890-1927

@article{Bakker2005TheDA,
  title={The Decline and Fall of the European Film Industry: Sunk Costs, Market Size, and Market Structure, 1890-1927},
  author={G. Bakker},
  journal={Economic History},
  year={2005}
}
  • G. Bakker
  • Published 2005
  • Economics
  • Economic History
  • In the 1900s, the European film industry exported throughout the world, at times supplying half the US market. By 1920, however, European films had virtually disappeared from America, and had become marginal in Europe. Theory on sunk costs and market structure suggests that an escalation of sunk costs during a rapid US growth phase resulted in increased concentration; eight surviving companies dominated international film production and distribution forever after. European film companies… CONTINUE READING
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