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Rent, buy, or pirate: Consumer prefe...

Ferri, Mickey.

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Rent, buy, or pirate: Consumer preferences in the movie industry.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Rent, buy, or pirate: Consumer preferences in the movie industry./
Author:	Ferri, Mickey.
Description:	159 p.
Notes:	Source: Dissertation Abstracts International, Volume: 74-10(E), Section: A.
Contained By:	Dissertation Abstracts International74-10A(E).
Subject:	Economics, General. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3568535
ISBN:	9781303231445

Rent, buy, or pirate: Consumer preferences in the movie industry.
Ferri, Mickey.

Rent, buy, or pirate: Consumer preferences in the movie industry. - 159 p.

Source: Dissertation Abstracts International, Volume: 74-10(E), Section: A.

Thesis (Ph.D.)--The University of Chicago, 2013.

This dissertation consists of three essays on consumer preferences in the movie industry. In the first essay, I use exogenous variation in Netflix and Redbox availability to show that consumer preferences for method of consumption outweigh the decay in utility from postponing consumption by four weeks. When movies are not available on Netflix and Redbox for a 28 day window after DVD release, consumers do not substitute to higher-priced options like DVD sales, Blu-ray sales, and Video on Demand rentals. Instead, most consumers time-shift their consumption and wait until Week Five or later for a Netflix or Redbox rental, while some drop out of the market, yielding lower short-run profits. Despite lower short-run profits, the windowing strategy may benefit studios in the long run by slowing the growth of Netflix and Redbox and stimulating growth of the downstream exhibition channels that studios own.

ISBN: 9781303231445Subjects--Topical Terms:

1017424
Economics, General.

Rent, buy, or pirate: Consumer preferences in the movie industry.
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500 $a Source: Dissertation Abstracts International, Volume: 74-10(E), Section: A.
500 $a Adviser: Ali Hortacsu.
502 $a Thesis (Ph.D.)--The University of Chicago, 2013.
520 $a This dissertation consists of three essays on consumer preferences in the movie industry. In the first essay, I use exogenous variation in Netflix and Redbox availability to show that consumer preferences for method of consumption outweigh the decay in utility from postponing consumption by four weeks. When movies are not available on Netflix and Redbox for a 28 day window after DVD release, consumers do not substitute to higher-priced options like DVD sales, Blu-ray sales, and Video on Demand rentals. Instead, most consumers time-shift their consumption and wait until Week Five or later for a Netflix or Redbox rental, while some drop out of the market, yielding lower short-run profits. Despite lower short-run profits, the windowing strategy may benefit studios in the long run by slowing the growth of Netflix and Redbox and stimulating growth of the downstream exhibition channels that studios own.
520 $a In the second essay, I analyze aggregate substitution patterns between Bittorrent and cyberlockers, the two most popular forms of illegal movie consumption. In the third essay, I conduct a title-by-title analysis of the demand and supply for illegal movies. Appendix A contains additional information about the movie industry. Appendix B contains examples and derivations pertaining to Chapter 1. Appendix C is an extension of Chapter 1, where I develop a model of the household decision to subscribe to movie and television subscription services, as well as rent and buy movies a la carte. Appendix D is a data appendix supporting Chapter 1.
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