nep-cul New Economics Papers
on Cultural Economics
Issue of 2005‒06‒27
five papers chosen by
Roberto Zanola
Universita degli Studi del Piemonte Orientale

  1. Employing Travel Costs to Compare the Use Value of Competing Cultural Organizations By Boter, Jaap; Rouwendal, Jan; Wedel, Michel
  2. Le management des activités culturelles et de loisirs: questions stratégiques et état des recherches académiques. By FILSER, Marc
  3. Are Durable Goods Consumers Forward Looking? Evidence from College Textbooks By Judith Chevalier; Austan Goolsbee
  4. Survival of the Hippest: Life at the Top of the Hot 100 By David E. Giles
  5. The Management of Digital Rights in Pay TV By Campbell Cowie; Sandeep Kapur

  1. By: Boter, Jaap (Vrije Universiteit Amsterdam, Faculteit der Economische Wetenschappen en Econometrie (Free University Amsterdam, Faculty of Economics Sciences, Business Administration and Economitrics); Rouwendal, Jan; Wedel, Michel
    Abstract: Since recently, a number of studies have applied non-market valuation techniques to measure the value of cultural goods. All studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple, competing goods and show how revealed preferences, in particular travel costs, may be used for this. In addition, we account for heterogeneity. Using a unique transaction database with the visiting behavior of 80,821 Museum Cardholders to 108 Dutch museums, we propose a latent class application of a logit model to account for the different distances of museums to the population and for differences in willingness-to-travel.
    Keywords: museums; non-market valuation; revealed preferences; travel cost method
    Date: 2004
  2. By: FILSER, Marc (LEG-CERMAB - CNRS - IAE - Université de Bourgogne)
    Abstract: La recherche académique en management des activités culturelles et de loisirs est un courant récent, apparu au début des années 90, mais dont la production est importante et éclectique. Trois axes peuvent être identifiés pour structurer ces recherches:l'analyse du comportement du public, la stratégie des institutions et la gestion de leurs décisions opérationnelles dans les domaines de la tarification, de la communication et de la distribution. Cet article analyse la convergence de ces recherches vers les interrogations opérationnelles des institutions du secteur./ Management of culture and leisure is a relatively new field for the academic research. It began to structure in the early 90's, and leads to a dynamic and eclectic flow of contributions. Three major areas are investigated : the behaviour of public, strategic decision making by institutions, and operational implementation of this strategy, most notably in the areas of pricing, communication and distribution. This paper investigates the convergence of academic research with strategic expectations of the institutions in the sector of culture and leisure activities.
    Keywords: management des activités culturelles et de loisirs ; management of culture and leisure
    Date: 2005–06
  3. By: Judith Chevalier; Austan Goolsbee
    Abstract: Popular wisdom holds that publishers revise college textbooks mainly to kill off the secondary market for used books. While this behavior might be profitable if consumers are myopic, uninformed or have high short-run discount rates (that exceed the publishers'), neoclassical authors have noted that it will typically not be profitable if publishers can precommit not to cut prices and if consumers are forward-looking and have similar discount rates as the publishers; the consumer's willingness to pay for new books falls if they know that they cannot resell their used books. Using a large new dataset on all textbooks sold in psychology, biology and economics in the 10 semesters from 1997 to 2001, we estimate a demand system for books to test whether textbook consumers are forward-looking. The data strongly support the view that students are forward-looking with low short-run discount rates and that they have rational expectations of publishers' revision behavior. When the students buy their textbooks, they correctly take into account the probability that they will not be able to resell their books at the end of the semester due to a new edition release. Conditional on faculty assignment behavior, simulation results suggest that students are sufficiently forward-looking that publishers could not raise revenues by accelerating current revision cycles.
    JEL: L2 L6 D9
    Date: 2005–06
  4. By: David E. Giles (Department of Economics, University of Victoria)
    Abstract: We analyze the survival characteristics of recordings that reached the number one spot on the U.S. popular music charts over the period 1955 to 2003. Our results show that there has been a statistically significant change in the time spent at number one since “album cuts” were included in the compilation of Billboard’s Hot 100. Survival time is significantly improved if the recording is by a female solo artist, or if it is an instrumental tune. We also find a significant “Elvis effect”.
    Keywords: Popular music, hit tunes, survival function, hazard function, duration model
    JEL: C16 C49 Z11
    Date: 2005–06–17
  5. By: Campbell Cowie; Sandeep Kapur (School of Economics, Mathematics & Statistics, Birkbeck College)
    Abstract: Successful roll-out of Digital Rights Management (DRM) solutions has the potential to transform the economics of pay television. This paper explains how a technology that is being developed as a potential solution to the challenge posed by the widespread theft of intellectual property (piracy) may ultimately support the development of new business models. These new business models could trigger a radical change in the sources of market power in the supply chain, increasing the bargaining power of content companies relative to vertically integrated platform operators. The paper examines some of the regulatory challenges that the new business models and the new technology raise
    Keywords: Digital rights management, pay television, competition
    JEL: L1 L5 L82
    Date: 2005–06

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