nep-cul New Economics Papers
on Cultural Economics
Issue of 2008‒11‒04
three papers chosen by
Roberto Zanola
University of the Piemonte Orientale

  1. Le commerce en ligne des œuvres d'art By Victor Lebreton; Xavier Greffe
  2. Effects of Tourism on Venice: Commercial Changes over 30 Years By Francesco Zanini; Fabio Lando; Manuel Bellio
  3. A SSNIP test for two-sided markets: the case of media By Lapo Filistrucchi

  1. By: Victor Lebreton (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I); Xavier Greffe (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Panthéon-Sorbonne - Paris I)
    Abstract: La vente en ligne d'œuvres d'art devient un moyen important d'échange et de commercialisation des œuvres. Nous étudions cette nouvelle façon de mettre en contact acheteur e t vendeur à travers de sites spécialisés. Ce chapitre d'ouvrage comprend des tableaux comparatifs des portails et maison de vente en ligne d'œuvre d'art et d'antiquités.
    Keywords: Vente a distance;VAD;marché de l'art;internet;commerce de l'art;portail web;maison de vente;vente en ligne;marche de l'art;antiquités
    Date: 2008–09
  2. By: Francesco Zanini (University Of Venice Cà Foscari); Fabio Lando (Department of Economics, University Of Venice Cà Foscari); Manuel Bellio (University Of Venice Cà Foscari)
    Abstract: Tourism is becoming one of the most important economic drivers in the urban context. With this in mind, several cities have tried to adapt their economies to satisfy the demands of the influx of tourism. The main consequences of this trend are the re-shaping of urban areas, with particular regard to art cities. This phenomenon is particularly evident in Venice’s historical city centre. In order to better comprehend the changes that have taken place, we have put together a research based analysis of the commercial structure of the city. Particular attention has been given to comparing and contrasting the retail business over the last thirty years.
    Keywords: commercial structure, historical city centre, retail, Venice
    JEL: R1 R11 R12
    Date: 2008
  3. By: Lapo Filistrucchi (Department of Economics, CentEr & TILEC, Tilburg University)
    Abstract: I discuss the design and implementation of a SSNIP test in order to identify the relevant market in a media market. I argue that in such a two-sided market the traditional SSNIP test cannot be applied as it is usually conceived but rather should be modified in order to take into account indirect network externalities. I discuss the issues of which price the hypothetical monopolist should be thought of as raising, of whether we should look at profits changes on only one side or on both sides of the market and of which feedback among the two sides of the market we should take into account. I then derive the relevant formulas for Critical Loss Analysis. These look much uglier than in a single-sided market but in fact they are easy to calculate as they are still expressed in terms of elasticities and of current observed markups, prices and quantities. Data requirements are however higher as one needs to estimate the matrixes of the own and cross price elasticities of demand on the two-sides of the market and the matrixes of the network effects. The paper fills a gap in the economic literature, so much more as market definition in media markets is at the centre of many recent competition policy and regulation cases around the world.
    Keywords: two-sided markets, SSNIP test, Hypothetical Monopolist test, critical loss analysis, critical elasticity analysis, market definition, media
    JEL: L40 L50 K20
    Date: 2008–10

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