For Oscar Glory Or Oscar Money?
- Cite this article as:
- Deuchert, E., Adjamah, K. & Pauly, F. J Cult Econ (2005) 29: 159. doi:10.1007/s10824-005-3338-6
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This paper investigates the effect of Oscar nominations and awards on movies’ financial success by estimating the impact on weekly returns and on movies’ survival time. Our findings suggest that nominations for Oscars generate substantial extra revenues, while winning an award contributes only little to this extra rent.