nep-cul New Economics Papers
on Cultural Economics
Issue of 2005‒09‒11
two papers chosen by
Roberto Zanola
Universita degli Studi del Piemonte Orientale

  1. The Methods and Careers of Leading American Painters in the late Nineteenth Century By David W. Galenson
  2. Saving the Seas: The Economic Justification for Marine Reserves By R. Quentin Grafton; Phan Van Ha; Tom Kompas

  1. By: David W. Galenson
    Abstract: Although American painters of the late nineteenth century were much less influential than their European counterparts, the methods and careers of the leading American artists of the period reflect the same division between visual and conceptual approaches that characterized French art. The conceptual painters Thomas Eakins and John Singer Sargent matured early, and made individual landmark paintings, whereas the experimentalists Mary Cassatt, Winslow Homer, Albert Pinkham Ryder, and James McNeill Whistler developed more slowly, and made their contributions gradually in larger bodies of work. These American artists were less innovative than their French contemporaries, but they created approaches to art no less considered than those of their more famous counterparts.
    Date: 2005–08
  2. By: R. Quentin Grafton (The Australian National University); Phan Van Ha (The Australian National University); Tom Kompas (The Australian National University)
    Abstract: We contribute to the understanding of marine reserves and the management of renewable resources with uncertainty. We show that the key benefit of reserves is that they increase resilience, or the speed it takes a population to return to a former state following a negative shock. Resilience can also increase resource rents even with optimal harvesting. We contradict the accepted wisdom that reserves have no value if harvesting is optimal, reserves and optimal output controls are equivalent, reserves have value only with overexploited populations and that reserves must be large to offer benefits to fishers.
    Keywords: Marine Reserves, Uncertainty
    JEL: Q20 D81 C61
    Date: 2004–03

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