Evolutionary Concept, Genetic Algorithm and Exhibition Contract in Movie Industry

Ch'ng, Kean Siang (2007): Evolutionary Concept, Genetic Algorithm and Exhibition Contract in Movie Industry.

Abstract

The paper is about application of evolutionary concept, particularly the application of natural selection process, to the study of movie industry. The importance of the application is that it allows for the heterogeneity and interdependency of market agents in analyzing the economic choice decision. This complexity always presents an obstacle to the study of market behavior, especially when one has to take into account the constant reinforcing effects among the variables, which often renders the problem elusive. The paper intends to explain the economic process, taking into account this complexity through the use of evolutionary concept.

• Item Type: MPRA Paper
• Institution: University Science Malaysia
• Language: English
• Keywords: Evolutionary selection; opportunity costs; learning and sharing rule
• Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C63 - Computational Techniques ; Simulation Modeling; L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L21 - Business Objectives of the Firm; D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice ; Clubs ; Committees ; Associations

References

[1] Hanssen,F Andrew. Revenue sharing in movie exhibition and the arrival of sound. Economic Inquiry, 40(3):380–402, 2002. [2] Filson, Darren, David Switzer, and Besocke, Portia. At the movies: The economics of exhibition contracts. Technical report, Department of Economics, Claremont Graduate University., 2004.