nep-cul New Economics Papers
on Cultural Economics
Issue of 2010‒01‒16
three papers chosen by
Roberto Zanola
University of the Piemonte Orientale

  1. Recreational, Cultural and Aesthetic Services from Estuarine and Coastal Ecosystems By Paulo A.L.D. Nunes; Rosimeiry Portela; Nalini Rao; Sonja S. Teelucksingh
  2. How Broadcasting Quotas Harm Program Diversity By Perona, Mathieu
  3. Multisided Media Markets: Applying the Theory of Multisided Markets to Media Markets By Nadine Lindstädt

  1. By: Paulo A.L.D. Nunes (Fondazione Eni Enrico Mattei); Rosimeiry Portela (Conservation International, Center for Applied Biodiversity Science); Nalini Rao (Conservation International, Center for Applied Biodiversity Science); Sonja S. Teelucksingh (Fondazione Eni Enrico Mattei and the University of the West Indies)
    Abstract: The role of economic analysis in guiding the sustainable development of estuarine and coastal ecosystems is investigated based on a comprehensive review of the literature on the valuation of the recreation, cultural and aesthetic services. The implications of the findings for the sustainable management of coral reefs, Marine Protected Areas, and Small Island Developing States are discussed. Finally, the potential of meta-analytical benefit transfer and scaling up of values at various aggregation levels is demonstrated in the context of coastal tourism and recreation in Europe. The results of the study support the conclusion that the non-material values provided by coastal and estuarine ecosystems in terms of recreational, cultural and aesthetic services represent a substantial component of human well-being.
    Keywords: Aesthetic Values, Coastal Recreation, Coral Reefs, Cultural Values, Ecosystem Services Valuation, Ecosystem Services, Estuarine Ecosystems, Marine Protected Areas, Non-market Valuation, Non-use Values, Passive Values, Recreational Fishing, Small Island Developing States, Spiritual and Religious Values.
    JEL: Q20 Q26 Q57
    Date: 2009–12
  2. By: Perona, Mathieu
    Abstract: Broadcasting quotas of domestic contents are commonplace in developed countries. The core argument for them is to promote diversity by making more room for domestic content and hence foster a more diverse production. However, this intuitive reasoning ignores the trade-off between repetition (broadcasting more of the same) and new program diffusion. If each consumer cares only about a small fraction on the total contents of the program, a broadcaster confronted to a quota will find optimal to compensate for the reduction of foreign programming by increasing the number of diffusions of substitutable domestic programs. Total broadcasting time being limited, this will force the broadcaster to slash marginal (less popular) types of programming, whereby reducing program diversity. This mechanism applies both in a monopoly and an imperfectly competitive setting. It thus undermines one of the main rationales for quotas of domestic content.
    Keywords: radio; broadcasting; cultural quotas; diversity
    JEL: L82 Z10 L59
    Date: 2010–01
  3. By: Nadine Lindstädt (Department of Environmental and Business Economics, University of Southern Denmark)
    Abstract: Media markets recently have been identified as multisided markets. The application of the theory of multisided markets provides a better understanding of such markets. It enriched the hitherto economic approach and led to new insights and perspectives especially for the antitrust authorities when evaluating competition constraints and mergers. This paper reviews the theory of multisided markets and subsequently applies it to media markets. Finally the paper draws attention to the new perspectives and insights the theory provides but also brings open research questions to light.
    Keywords: media economics, two-sided markets, multisided platforms, competition
    JEL: L82 A20 L13 M21
    Date: 2009–10

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