High-Status Affiliations and the Success of Entrants: New Bands and the Market for Live Music Performances, 2000–2012

Network affiliations have been extensively investigated as a way for new entrants to establish a foothold in markets. A commonly invoked mechanism is that of signaling, whereby affiliations provide exposure and improve a newcomer's odds of success. Our paper highlights a second mechanism that we argue is especially relevant in cultural markets: how a new entrant's perceived distinctiveness varies based on its affiliations. Leveraging data on...