This article provides an analytical solution to the ‘Greene problem’; use of McFadden's gauge function successfully separates technical inefficiency from the profit function and its share equations, even though allocative inefficiency is incorporated into the profit system, and establishes...

This study investigates the role of superstars in the Korean movie industry. We apply a two-step approach: the first step is to test the significance of the star power during 1988-1999 in Korea; the second step is to estimate the magnitude of star power. The appearance of a star actor increases...

This article examines the determinants of revenue in the motion picture industry. The sample consists of 435 films released during 1965 to 2010. This study finds that the main actor or actress and director in a movie are the most likely determinants of whether or not a movie is a box office...