Abstract
Celebrity musicians and other famous touring performers face problems similar to those of a durable good seller with market power, since the number of customers served (or expected to be served) at a given time has intertemporal effects on future and past demand. Celebrities can confront these time consistency issues in a number of ways; for instance, by committing to fixed schedules for concerts and theatre runs. I show that the durability of celebrity output leads to excessively long tours and that there is a strong incentive to take actions early in one's career that will increase costs later in one's career. These two effects may help explain high rates of drug abuse and other otherwise anomalous self-destructive behavior observed among celebrities.
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