nep-cul New Economics Papers
on Cultural Economics
Issue of 2007‒05‒19
four papers chosen by
Roberto Zanola
University of the Piemonte Orientale

  1. Media industry facing biggest upheaval since Gutenberg. Media consumers morphing into media makers By Heng, Stefan
  2. On the Efficiency of AC/DC: Bon Scott versus Brian Johnson By Oxoby, Robert
  3. Spacial Predation in the UK Newspaper Industry By Behringer, Stefan
  4. Symbolic Values, Occupational Choice, and Economic Development By Giacomo Corneo; Olivier Jeanne

  1. By: Heng, Stefan
    Abstract: The advance of innovative information and communication technologies has triggered a fundamental upheaval in the media industry. The technology is reforming the conventional media model. The media mix will become more varied; interactive and personalised offers are taking root and finding their ideal milieu on the web. Newspapers, radio stations and TV broadcasters will have to reposition themselves if they want to remain attractive in the media industry with the arrival of the Web 2.0. This will include seeking new distribution channels and considering e.g. pay-per-view programming and innovative forms of advertising.
    Keywords: Information and communications technology; ICT; TV; Radio; Newspaper; media portal; Internet; Web 2.0; broadband; convergence; triple play
    JEL: O33 O34 O14 L82 L86 K23 L88 H41
    Date: 2006–10–16
  2. By: Oxoby, Robert
    Abstract: We explore the effects of listening to the music of AC/DC in a simple bargaining environment.
    Keywords: bargaining; reciprocity; music; experiments
    JEL: Z19 C91
    Date: 2007–05–07
  3. By: Behringer, Stefan
    Abstract: This paper investigates the alleged predatory behaviour in the UK quality newspaper industry in the 1990s using a horizontal differentiation model and industry data.
    Keywords: Two-Sided Markets; Predation; Newspapers
    JEL: D43 L41 L12
    Date: 2007–02–12
  4. By: Giacomo Corneo (Free University of Berlin, CEPR, CESifo and IZA); Olivier Jeanne (International Monetary Fund and CEPR)
    Abstract: Channeling human resources into the right occupations has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various occupations, but also by the esteem that they confer. We propose a model of endogenous growth in which occupations carry a symbolic value that makes them more or less attractive; the evolution of symbolic values is endogenous and determined by purposive transmission of value systems within families. The model sheds light on the interaction between cultural and economic development and identifies circumstances under which value systems matter for long-run growth. It shows the possibility of culturally determined poverty traps and offers a framework for thinking about the transition from traditional to modern values.
    Keywords: symbolic values, occupational choice, economic development, long-run growth
    JEL: D1 O1
    Date: 2007–04

This nep-cul issue is ©2007 by Roberto Zanola. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.