Abstract
In this paper we explain the decline in cinema attendance in Spain since 1968. We use a cointegration analysis to estimate an individual demand function for cinema, with annual data and in terms of average attendance per inhabitant. We find that cinema is a luxury good and that its demand is elastic with respect to its price. We also show that television acts as a deterrent with regard to cinema attendance.
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Blanco, V.F., BaÑos Pino, J.F. Cinema Demand in Spain: A Cointegration Analysis. Journal of Cultural Economics 21, 57–75 (1997). https://doi.org/10.1023/A:1007374611642
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DOI: https://doi.org/10.1023/A:1007374611642