Read the book and see the film? The consumption of different versions of cultural goods

Abstract

Using a sample of individuals that consumed both the book and movie versions of some cultural experience goods, we investigated the precedence and the preference for a particular version. The likelihood of consuming a version increases as information about that version increases. The preference and the precedence in consumption are related to genre, age and reading habits.

Keywords:

• experience goods
• repeated consumption
• cultural goods

JEL Classification:

• D11
• D12
• Z11

Notes

1  A different case is the repeated consumption of an identical cultural good, e.g. Collins et al. (2008).

2  Prieto-Rodríguez and Fernández-Blanco (2000) showed that the likelihood of listening to classical music is positively related to the listening to popular music. Favaro and Frateschi (2007) analysed the characteristics of classical music lovers, popular music lovers and ‘omnivores’.

3  In particular, the area under the ROC curve summarizes the overall discriminatory and predictive power of the regression. cf. Hosmer and Lemeshow (2000).