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Essays on Applied Economics.

Syrda, Joanna E.

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Essays on Applied Economics.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on Applied Economics./
Author:	Syrda, Joanna E.
Description:	84 p.
Notes:	Source: Dissertation Abstracts International, Volume: 77-05(E), Section: A.
Contained By:	Dissertation Abstracts International77-05A(E).
Subject:	Economics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3740040
ISBN:	9781339320199

Essays on Applied Economics.
Syrda, Joanna E.

Essays on Applied Economics. - 84 p.

Source: Dissertation Abstracts International, Volume: 77-05(E), Section: A.

Thesis (Ph.D.)--The University of Wisconsin - Madison, 2015.

The first chapter investigates the impact of market structure on the distribution of product market shares. In entertainment markets an increasingly large number of products is introduced each year, however only a small group achieves mainstream success and among these the distribution of market success is becoming increasingly skewed. This paper offers a supply-side explanation based on a logit framework. In the proposed model multi-product firms engage in non-price competition as they compete in advertising spending. As firms internalize the demand linkages between their products the resulting advertising allocation is highly skewed toward higher quality products leading to skewed distribution of product market shares on a firm level. The main theoretical result is that the fewer firms operate in the market the more skewed is the resulting distribution of product market shares. This is precisely what occurred in the US Recorded Music Industry in the years 1959-1999. The model is estimated using Billboard Music Chart data from that time period.

ISBN: 9781339320199Subjects--Topical Terms:

517137
Economics.

Essays on Applied Economics.
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245 1 0 $a Essays on Applied Economics.
300 $a 84 p.
500 $a Source: Dissertation Abstracts International, Volume: 77-05(E), Section: A.
500 $a Adviser: Kenneth Hendricks.
502 $a Thesis (Ph.D.)--The University of Wisconsin - Madison, 2015.
520 $a The first chapter investigates the impact of market structure on the distribution of product market shares. In entertainment markets an increasingly large number of products is introduced each year, however only a small group achieves mainstream success and among these the distribution of market success is becoming increasingly skewed. This paper offers a supply-side explanation based on a logit framework. In the proposed model multi-product firms engage in non-price competition as they compete in advertising spending. As firms internalize the demand linkages between their products the resulting advertising allocation is highly skewed toward higher quality products leading to skewed distribution of product market shares on a firm level. The main theoretical result is that the fewer firms operate in the market the more skewed is the resulting distribution of product market shares. This is precisely what occurred in the US Recorded Music Industry in the years 1959-1999. The model is estimated using Billboard Music Chart data from that time period.
520 $a The second chapter studies the impact of Body Mass Index and spousal socio-economic characteristics on marriage stability. Non-transferability of utility makes divorce more likely and marriages with an unequal distribution of welfare may be more unstable. This paper aims to examine the effect of spousal attributes' distribution on marriage stability. Using Panel Study of Income Dynamics dataset I find that unequal initial distribution of physical attractiveness approximated by BMI and further divergence have a negative impact on marriage stability. By contrast, initial income difference has no effect and further divergence has a positive effect on marriage stability. These findings imply that BMI is consistent with non-transferable utility and income with transferable utility theory.
590 $a School code: 0262.
650 4 $a Economics. $3 517137
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710 2 $a The University of Wisconsin - Madison. $b Economics. $3 2094978
773 0 $t Dissertation Abstracts International $g 77-05A(E).
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