nep-cul New Economics Papers
on Cultural Economics
Issue of 2010‒04‒11
two papers chosen by
Roberto Zanola
University of the Piemonte Orientale

  1. Art Auctions By Orley Ashenfelter; Kathryn Graddy
  2. Reciprocal Attention and Norm of Reciprocity in Blogging Networks By Alexia Gaudeul; Chiara Peroni

  1. By: Orley Ashenfelter (Princeton University); Kathryn Graddy (University of Oxford)
    Abstract: Works of art and culture are sold by many means. These include transactions between dealers and their customers, auctions with open outcry, and even, occasionally, sealed bid auctions. However, the standard procedure for establishing art valuations is most commonly the English auction, where prices ascend in open bidding. The primary, but not the only, alternative, is the Dutch auction, where the auctioneer starts at a high price and reduces it until a bidder is found.
    Keywords: art, auction, auctions, art dealers, biddets, dutch auction, english auction
    JEL: D02 D44 L10 Z11
    Date: 2010–03
  2. By: Alexia Gaudeul (Graduate School "Human Behavior in Social and Economic Change", Friedrich Schiller University, Jena); Chiara Peroni (Statec & Centre de Recherche Publique Henri Tudor)
    Abstract: Bloggers devote significant time not only producing content for others to read, watch or listen to, but also paying attention to and engaging in interactions with other bloggers. We hope to throw light not only on the factors that gain bloggers significant readership and lively interactions with their audience, but also on the rules that govern their relations with others. We relate bloggers' activity with the size and structure of their network of fellow bloggers. A blogger's readership increases with his activity, while bloggers who read back proportionally fewer of their readers tend also to be more active. We find evidence that those bloggers who read back proportionally fewer of their readers have less readers than bloggers who reciprocate more, but tend to receive more comments per posts.
    Keywords: Blogs, Bloggers, Community, Friendship, Internet, LiveJournal, Reciprocity, Social Media, Social Networks, Social Norms, Web 2.0, Weblogs
    JEL: D64 D85 H41 L82 L86 Z13
    Date: 2010–03–22

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