nep-cul New Economics Papers
on Cultural Economics
Issue of 2005‒11‒12
three papers chosen by
Roberto Zanola
Universita degli Studi del Piemonte Orientale

  1. Media Concentration and Consumer Product Prices By Anthony J. Dukes
  3. Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park By Roberto Martinez-Espineira; Joe Amoako-Tuffour

  1. By: Anthony J. Dukes (School of Economics and Management, University of Aarhus)
    Abstract: We examine the interaction of commercial media and retail producers of well-known consumer products when advertising is used to differentiate brands. In particular, we address how competition in the media market affects choices of advertising and program quality. The results suggest counter-intuitively that advertisers may actually prefer media markets with less competition for audiences. Product differentiation through advertising is more effective when media markets are less competitive, leading to higher prices for advertised products. As a result, media concentration may lead to higher profits for advertising firms if the additional revenue exceeds the higher advertising costs associated with media concentration.
    JEL: L13 L82 M37
    Date: 2005–05
  2. By: Allen J Scott (UCLA)
    Abstract: The paper opens with a brief definition of the cultural economy. A first generation of local economic development policy approaches based on place-marketing and associated initiatives is described. The possibilities of a more powerful second-generation approach are then sketched out with special emphasis on localized complexes of cultural- products industries. An extensive review and classification of these complexes is laid out, and their inward and outward relations to global markets are considered. On this basis, a critical discussion of local economic policy options focussed on cultural-products industries is offered. Contrasting examples of development initiatives in major global cities, in selected old manufacturing towns, and in the Multimedia Super Corridor of Malaysia are briefly presented. It is suggested that the growth and spread of localized production agglomerations based on cultural-products industries is leading not to cultural uniformity but to greatly increased diversity at the global level.
    JEL: R
    Date: 2005–11–08
  3. By: Roberto Martinez-Espineira (St Francis Xavier University); Joe Amoako-Tuffour (St Francis Xavier University)
    Abstract: Using on-site survey data from Gros Morne National Park in Newfoundland, this paper estimates and compares several truncated count data models of recreation demand. The model that not only accounts for the truncated and overdispersed nature of the data but also for endogenous stratification duet o the oversampling of avid users, while allowing for flexible specification of the overdispersion parameter dominates on the basis of goodness of fit. The results are used to estimate the users’ value of access to the park.
    Keywords: on-site sampling, endogenous stratification, consumer surplus, count data, overdispersion, recreation demand, travel cost method, truncation.
    JEL: Q26 C24
    Date: 2005–11–07

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