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  Information, Adaptive Contracting, and Distributional Dynamics: Bayesian Choice, Bose-Einstein Statistics, and the Movies (1994)

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by Arthur De Vany, W. David Walls
http://www.democ.uci.edu/econ/personnel/devany/infomovie.ps
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Abstract:

A film is like no other product...it only goes around once. It is like a parachute jump. If it doesn't open, you are dead.

Citations

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