The musical tribute band is a neglected topic in the field of economics. At first sight, it may seem to be a simple caseof general copycatting which has been covered for other products and markets. We provide empirical exploration ofthe market in the form of a pricing equation using recent data for tribute concerts in Germany. This shows theimportance of voluntary withdrawal by the copyright holders or involuntary withdrawal (death or prolonged illness) asticket prices are statistically significantly higher when the original act, being tributed, no longer exists. We also findfeatures of the act being tributed, such as a proxy for relevance based on the size of their Wikipedia entry, to bestatistically significant determinants of ticket price.
|