Motion picture profit, the stable Paretian hypothesis, and the curse of the superstar

By A. D. De Vany, W. Walls. 2004

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Modeling Movie Success When ‘Nobody Knows Anything’: Conditional Stable-Distribution Analysis Of Film Returns (2005, background): “The difference between these two estimates—35 percentage points—confirms the “curse of the superstar” found by De Vany and Walls (2004) .”
The Power of Stars: Do Star Actors Drive the Success of Movies? (2007, unknown): “Egerbladh (1976) reports similar findings in a laboratory setting.”
Portfolio diversification and value at risk under thick-tailedness (2009, background): “De Vany and Walls ( 2004 ) show that stable distributions with tail indices 1 < α < 2 provide a good model for distributions of profits in motion pictures.”
Estimating the Effects of Movie Piracy on Box-office Revenue (2007, background): “a movie will turn out at the box office has been verified and rigorously developed as the stable Paretian hypothesis by a variety of authors (Walls 2005; De Vany and Walls 2004b; De Vany 2004; McKenzie 2003; Lee 1999).”
Cultural Industries: Product–Market Characteristics, Management Challenges and Industry Dynamics (2015, unknown): “Unfortunately, the additional sales generated by superstars tend to be smaller than their cost, rendering their films poorer financial performers (De Vany and Walls 2004; Walls 2009b).”
The Economics of Movies: A Literature Survey (2012, unknown): “papers De Vany and Walls (1996, 1997, 1999, 2004) extensively explore the”