ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax


What if they had looked at attendance at concerts instead of revenues? I'm guessing that the increase in disparity is more because the geezer bands can now charge hundreds of dollars per ticket to boomers reliving their past glory than a shift in attendance patterns.
I'm a young'un and I think the geezer bands are far better than the crap that is released today.
Perhaps the long tail is artificially excluded from total concert revenue in their measure.
This sounds right. There are more "concerts" in every city then ever before. Because there are more bands then ever before, and booking/going on tour is easier and cheaper. Almost every one I know has been in a band, and gone on some kind of a tour, at some level. Including myself.
However, "concerts" are not held in stadiums. They are held in bars and small venues, with general admission at ticket prices that are at least an order of magnitude cheaper then you would pay to see The Police.
Plus, most of the blockbuster concerts that people 40 and under go to these days are festivals, in which a $200 ticket buys you hundreds of bands. Think SXSW.
Conclusion: I would put $100 on a hole in the data, and distortions at the top.
I thought the long-tail just meant niche items will grow, not that the top ones will shrink (maybe I should read the book?). I expect the middle to peak, and the first and second standard deviations to succumb to the long tail. It's not the top bands that will lose, it's the middling bands forced on the public by record companies that will lose to upstart artists who post music online. Therefore, the number of widely heard bands shrinks to only the truly popular, therefore they increase their revenue, while everyone else has to split what's left. Shared experiences decline with the rise of the long-tail, so that may be an additional factor in its favor.
It has been a little while since I've read the 'long tail' story, but I think of it as being an aspect of the information-based economy. Deep catalogs + cheap shelf space + efficient search. I think it applies better to recordings of music, say, rather than live music performance.