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on Cultural Economics |
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Issue of 2005‒12‒01
five papers chosen by Roberto Zanola Universita degli Studi del Piemonte Orientale |
| By: | Alexis Dantec (Observatoire Français des Conjonctures Économiques); Florence Levy (GEM (Groupe d’Économie Mondiale)) |
| Date: | 2005 |
| URL: | http://d.repec.org/n?u=RePEc:fce:doctra:0513&r=cul |
| By: | Bekkali, Mukhtar; Beghin, John C. |
| Abstract: | We analyze the economics of domestic cultural content protection in terrestrial broadcasting, the most widespread policy instrument used in broadcasting. Using the love-of-variety approach, we model a representative consumer deriving utility from broadcasting services net of advertising,and allocating scarce time between consuming the various broadcasting services and leisure. Advertising is a nuisance; it costs time yet brings no utility. Broadcasting is a pure public good; broadcasters make profit in the monopolistic competition environment by bundling advertising with valuable cultural content. We impose a discrete domestic content requirement and then investigate the effects of its marginal changes on consumption of domestic broadcasting. Domestic content requirement may reduce (increase) consumption of domestic programs when consumer’s demand is highly elastic (inelastic), the degree of preference for foreign content over domestic content is high (low) and opportunity cost of listening time is high (low). The reduction occurs because the consumer reshuffles her consumption bundle towards leisure away from high domestic-content stations thereby reducing the overall aggregate consumption of broadcasting, and subsequently, the overall aggregate consumption of domestic programs. |
| Keywords: | boradcasting, domestic content, radio, cultural protection |
| JEL: | F1 L8 |
| Date: | 2005–11–17 |
| URL: | http://d.repec.org/n?u=RePEc:isu:genres:12476&r=cul |
| By: | Luigi Guiso (Graduate School of Business University of Chicago); Paola Sapienza |
| Keywords: | Culture, Exchange, Trust, Priors |
| JEL: | D84 F10 |
| Date: | 2005 |
| URL: | http://d.repec.org/n?u=RePEc:red:sed005:234&r=cul |
| By: | Bruce A. Weinberg; David W. Galenson |
| Abstract: | This paper studies life cycle creativity among Nobel laureate economists using citation data. We identify two distinct life cycles of scholarly creativity. Experimental innovators work inductively, accumulating knowledge from experience. Conceptual innovators work deductively, applying abstract principles. We find that conceptual innovators do their most important work earlier in their careers than experimental laureates. For instance, 75% of the most extreme conceptual laureates published their single best work in the first 10 years of their career, while none of the experimental laureates did. Thus while experience benefits experimental innovators, newness to a field benefits conceptual innovators. |
| JEL: | J24 O30 B31 |
| Date: | 2005–11 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:11799&r=cul |
| By: | Anette Boom (Freie Universität Berlin) |
| Abstract: | In a monopoly setting where consumers cannot observe the quality of the product we show that free samples which are of a lower quality than the marketed digital goods are used together with high prices as signals for a superior quality if the number of informed consumers is small and if the difference between the high and the low quality is not too small. Social welfare is higher, if the monopolist uses also free samples as signals, compared to a situation where he is restricted to pure price signalling. Both, the monopolist and consumers benefit from the additional signal. |
| Keywords: | Digital Goods, Free Samples, Multi-dimensional Signalling |
| JEL: | D21 D82 L15 |
| Date: | 2004–09 |
| URL: | http://d.repec.org/n?u=RePEc:trf:wpaper:70&r=cul |