nep-cul New Economics Papers
on Cultural Economics
Issue of 2007‒01‒28
five papers chosen by
Roberto Zanola
University of the Piemonte Orientale

  1. City indicators : now to Nanjing By Hoornweg, Daniel; Ruiz Nunez, Fernanda; Freire, Mila; Palugyai, Natalie; Villaveces, Maria; Herrera, Eduardo Wills
  2. Spatial Concentration of Creative Industries in Los Angeles By Sascha Brinkhoff
  3. Observational Learning in the Motion Picture Market By Santugini, Marc
  4. Is Beauty only Skin-deep? Disentangling the Beauty Premium on a Game Show By Michele Belot,; V. Bhaskar; Jeroen van de Ven
  5. Valoración económica de los servicios recreativos del parque ecológico Chipinque By Guillermo Gándara

  1. By: Hoornweg, Daniel; Ruiz Nunez, Fernanda; Freire, Mila; Palugyai, Natalie; Villaveces, Maria; Herrera, Eduardo Wills
    Abstract: This paper provides the key elements to develop an integrated approach for measuring and monitoring city performance globally. The paper reviews the role of cities and why indicators are important. Then it discusses past approaches to city indicators and the systems developed to date, including the World Bank ' s initiatives. After identifying the strengths and weaknesses of past experiences, it discusses the characteristics of optimal indicators. The paper concludes with a proposed plan to develop standardized indicators that emphasize the importance of indicators that are measurable, replicable, potentially predictive, and most important, consistent and comparable over time and across cities. As an innovative characteristic, the paper includes subjective measures in city indicators, such as well-being, happy citizens, and trust.
    Keywords: Cultural Policy,City Development Strategies,Cultural Heritage & Preservation,ICT Policy and Strategies,Housing & Human Habitats
    Date: 2007–01–01
  2. By: Sascha Brinkhoff
    Date: 2007–01–22
  3. By: Santugini, Marc
    Abstract: I focus on the market for movies released in the theater to measure the extent to which consumers learn about the quality of a movie from observing its market share in the release week. I derive the demand for movies using a dynamic discrete choice model in which consumers are endowed with private information about a movie and engage in as well as anticipate learning. I also assume that consumers watch a movie at most once to account for demand saturation. I depart from previous applied work on estimating the demand for movies by incorporating forward-looking behavior and observational learning. I also propose a new approach to account for demand saturation. The approach allows the decay rate for a market share to depend on consumers' past decisions, past movie competition, as well as past observational learning. The decay rate also depends on consumers' anticipation of observational learning and future schedule of movies in the theater. Given the distributional assumptions, the corresponding market shares for movies are mixing multinomial logit probabilities, taking into account consumers' forward-looking behavior and heterogeneity due, in part, to their private information. Using US market-level data, I estimate the structural parameters of demand via the maximum simulated likelihood procedure. I recover reasonable estimates for the covariates such as MPAA ratings and studio indicators. I also find evidence of observational learning. I plan to measure the effect of observational learning on demand saturation as well as the effect of anticipation of observational learning on delaying consumers from watching movies in their release weeks.
    Keywords: Motion pictures; Information; Learning; Market saturation
    JEL: L15 L82 D83 D12 C13
    Date: 2006–11–08
  4. By: Michele Belot,; V. Bhaskar; Jeroen van de Ven
    Abstract: This paper analyzes behavior on a TV game show where players' monetary payoffs depend upon an array of factors, including ability in answering questions, perceived cooperativeness and the willingness of other players to choose them. We find a substantial beauty premium and are able to disentangle contributing factors. Attractive players perform no differently than less attractive ones, on every dimension. They also exhibit and engender the same degree of cooperativeness. Nevertheless, attractive players are substantially less likely to be eliminated by their peers. Our results suggest a consumption value basis for the beauty premium.
    Date: 2007–01–11
  5. By: Guillermo Gándara
    Abstract: En esta investigación se realiza una estimación del valor económico del beneficio que los visitantes obtienen por disfrutar de los servicios recreativos que ofrece el Parque Chipinque, área natural ubicada en la zona metropolitana de Monterrey, México. Se utiliza el Método de Costo de Viaje estimando una función de demanda por zonas de origen en función de diferentes costos, como el costo de entrada, los gastos de consumo al interior del parque, el costo de transporte y el valor del tiempo de viaje. Se estima que los beneficios anuales del parque por uso recreativo en el año de referencia se ubicarían entre los 13 y 20 millones de pesos.
    Keywords: Chipinque, Mexico, costo de viaje, Monterrey
    JEL: Q51 Q55 Q56 Q57 Q58
    Date: 2006–01

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