Farvaque, E. For those about to rock… is stability a determinant of rock bands success?. J Cult Econ 48, 145–166 (2024). https://doi.org/10.1007/s10824-023-09477-8
Abstract: I make use of the characteristics of more than 6000 rock bands to empirically analyze if and how the stability of their members helps them to get a higher level of success. Bands cover all genres of Rock music (from Country to Punk), and their performance is assessed by having a song ranked in Billboard 100. Analyzing how the turn-over of members of a band affects their performance, it appears that the total number of musicians that left the band (compared to the actual number of musicians) – used as an indicator of instability –positively impacts the probability of a success. This may reveal that more talented musicians tend to be recruited after the departure of founding members, or that new members bring fresh ideas. The latter interpretation is supported by another result, showing that solo artists have a higher probability of success than bands. Finally, I also show that bands that come back to the stage after a split do not perform better.
H/t Tyler Cowen.
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