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Volume 8, No. 2,
August 2009
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The Market for Motion Pictures in Thailand:
Rank, Revenue, and Survival at the Box Office
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W. D. Walls*
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Department of Economics, University of Calgary, Canada
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Abstract
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We examine the theatrical market for
motion pictures in Thailand using a sample of films
exhibited in 2004–2008. Using data on weekly and
cumulative film revenues, we find strong evidence of
increasing returns to information as indicated by
substantial concave departures from the Pareto size
distribution. The distribution of cumulative revenues
across films is consistent with the winner-take-all
nature of an elimination tournament. In contrast to
other markets dominated by Hollywood imports, several of
the top-earning films in Thailand are domestically
produced.
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Key words
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Thai film industry; returns to
information; winner-take-all; heavy tails
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JEL classification
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L82
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