The concentration of commercial success in popular music: An analysis of the distribution of gold records

Raymond A.K. Cox, James M. Felton, Kee H. Chung

Research output: Contribution to journalArticlepeer-review

35 Scopus citations

Abstract

This paper examines whether commercial success in the popular recorded-music industry, as measured by gold-record output, conforms to an empirical concentration. We find that Lotka's Law overestimates the number of artists with one gold record and underestimates the number of multiplegold-record performing artists. However, for all measures of "successful" records, the Generalized Lotka's Law provides an excellent fit, which suggests that the number of performers producing n gold records in about 1/nc of those producing one gold record.

Original languageEnglish
Pages (from-to)333-340
Number of pages8
JournalJournal of Cultural Economics
Volume19
Issue number4
DOIs
StatePublished - Dec 1995

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