The Netflix original series “House of Cards,” which is basically about what might happen if Richard III and Lady Macbeth were married and decided to take over Washington, DC, has been extremely successful. It cleaned up at the Golden Globes, where it dominated the competition, and, along with its sister show “Orange is the New Black,” which is arguably even more incisive and engrossing, has made Netflix the new HBO. But has it made any money?
The show’s two seasons cost $100 million to produce, which is technically if not legally insane, according to industry analysts. Can Netflix recoup that investment?
There is a fundamental principle in economics that applies to food, clothing, and even all of those shiny tech gadgets that start with the letter ‘‘i’’: The more of them we have, the less we value them.
But that may not be true when it comes to money.
New research from Jeffrey Pfeffer, a professor at the Stanford Graduate School of Business, and his colleagues at the University of Toronto and Renmin University of China finds that the more money people make, the more they value it.