Chisholm, Darlene - In: Journal of Cultural Economics 28 (2004) 1, pp. 37-56
What determines the market value of a star? This paper examines the size of fixed payments to leading actors in the U …'s star power. Fixed-payment-only contracts are most strongly influenced by measures of signalling and star power. Data on … both types of contract provide strong support for the rent-capture theory: actors are paid rents upfront for the star value …