Demand distribution dynamics in creative industries: The market for books in Italy |
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| Authors: | Edoardo Gaffeo Antonello E. Scorcu Laura Vici |
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| Affiliation: | aDepartment of Economics and CEEL, University of Trento, Italy;bDepartment of Economics, University of Bologna, Italy |
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| Abstract: | We studied the distribution dynamics of the demand for books in Italy. We found that for each of the three broad sub-markets into which the book publishing industry can be classified – Italian novels, foreign novels and non-fiction – sales over a three-year sample can be adequately fitted by a power law distribution. Our results can be plausibly interpreted in terms of a model of interactions among buyers exchanging information on the books they buy. |
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| Keywords: | Book publishing industry Information transmission Power law distribution |
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