nep-cul New Economics Papers
on Cultural Economics
Issue of 2008‒05‒10
two papers chosen by
Roberto Zanola
University of the Piemonte Orientale

  1. Addiction At the Biennale of Venice By Carlos Pestana Barros; Marilena Vecco; Victor Blanco
  2. Collection sales: good or bad for journals? By Armstrong, Mark

  1. By: Carlos Pestana Barros; Marilena Vecco; Victor Blanco
    Abstract: In this paper we analyse the socio-economic characteristics (e.g. age, gender, education, nationality) associated with the probability of subscribing to an art review, among visitors of the Visual Arts Biennale of Venice taking into account the heterogeneity of the data. The analysis uses a data set from a questionnaire given in Venice in 2003 to ascertain the key characteristics of the Biennale visitors, (Bernardi, Pizzi and Vecco, 2004). A Bayesian random parameter logit model is used with Gibbs sampling to verify the hypothesis that subscribing to an art review given that the individual visits the Biennale, defines addiction to visual arts. This model outperforms the standard logit model since it takes into account the unobserved heterogeneity of the sample data. Some policy implications are presented.
    Keywords: Culture, Biennale of Venice, Mixed Logit model, and policy implications.
    Date: 2008–03
  2. By: Armstrong, Mark
    Abstract: This note discusses the impact of collection sales (i.e., the bundling of several journals for sale by publishers to libraries) on journals. The advent of electronic journal distribution implies that bundling is an efficient sales strategy, and can act to extend the reach of a journal. Current arrangements are discussed and shown to lead to tensions between commercial publishers and non-profit journals. The note argues that non-profit journals should not abandon their participation in collection sales programmes. Rather, non-profit journals may benefit from withdrawing from commercial publishers which distribute their own for-profit journals, and from joining together to be distributed by less commercial publishers who set relatively low prices for their collections.
    Keywords: Journal pricing; bundling; price discrimination
    JEL: L0 L82 L42
    Date: 2008–05–06

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