Monday, October 27, 2008

HSM3: OMG

New York-based economist John Dunham thinks the Giffen Paradox could pay off for HSM3, too. That theory holds, in apparent Veblen-style, that as a product's price "goes up, people want more of it," he says, although adding that it's more likely to work for Chanel handbags, than G-rated movies. (George thinks the Giffen Paradox really only worked for potatoes in Ireland during the potato famine.)
In any case, the downside to charging admission for a movie experience that only recently was free-ish is that, as Dunham reminds, "as something becomes more expensive, demand falls."
"How those forces play against each other is going to determine how the movie does," Dunham says.

yahoo news: "
Zac Efron…and the Giffen Paradox!?"

okay, so I've seen HSM3 twice now (first time at the midnight showing last Thursday) and it's absolutely wonderful and cheesy and wonderful.  And I think that these economists are crap.  It's going to make a ton of money.  

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