Punk the Capital screenings and Q&A sessions flier - AFI Silver Theatre, Silver Spring, MD, November 9-11, 2019

Flier promoting screenings of Punk the Capital, a documentary on the Washington, D.C. punk rock community during its early years in the 1970s and 1980s. The flier lists screenings and Q&A sessions. The events were held at the AFI Silver Theatre in Silver Spring, Maryland from November 9-11, 2019

The decline and fall of the European film industry: sunk costs, market size, and market structure, 1890–1927

In the 1900s, the European film industry exported throughout the world, at times supplying half the US market. By 1920, however, European films had virtually disappeared from America, and had become marginal in Europe. Theory on sunk costs and market structure suggests that an escalation of sunk costs during a rapid US growth phase resulted in increased concentration; eight surviving companies dominated international film production and distribution forever after. European film companies, although overall profitable, could not take part, and after the war could not catch up. US, British, and French time series data for 1890–1930 support the theory