nep-cul New Economics Papers
on Cultural Economics
Issue of 2012‒02‒27
four papers chosen by
Roberto Zanola
University Amedeo Avogadro

  1. Heterogeneity in the Cultural Expenditures of Municipalities Evidence from Italian Data (1998-2006) By Domenico Depalo; Silvia Fedeli
  2. An economic analysis of media markets By Greiner, Tanja
  3. The Happy Artist? An Empirical Application of the Work-Preference Model By Lasse Steiner; Lucian Schneider
  4. The Market for Paintings in Italy during the Seventeenth Century By Federico Etro; Laura Pagani

  1. By: Domenico Depalo; Silvia Fedeli
    Abstract: On the basis of a unique dataset referring to all 8,100 Italian municipalities and providing details of their balance-sheets, local governments’ features, socio-demographic and economic indicators, we analyze the determinants of the local cultural expenditures. We exploit the panel nature of the data to explain observable and unobservable heterogeneity. Other than the traditional determinants, we find that per capita cultural expenditures increase with the population size, but decrease with the share of men over total population; immigrants increase local cultural spending only in the long run. The number of years in power of the municipal council also plays a role.
    Keywords: Local public expenditure, cultural expenditure, immigrants, local government choice, Mundlak correction.
    JEL: H72 Z10 C23
    Date: 2011–02
    URL: http://d.repec.org/n?u=RePEc:sap:wpaper:wp139&r=cul
  2. By: Greiner, Tanja
    Date: 2012–01–26
    URL: http://d.repec.org/n?u=RePEc:lmu:dissen:13957&r=cul
  3. By: Lasse Steiner; Lucian Schneider
    Abstract: The artistic labor market is marked by several adversities, such as low wages, above-average unemployment, and constrained underemployment. Nevertheless, it attracts many young people. The number of students exceeds the available jobs by far. A potential explanation for this puzzle is that artistic work might result in exceptionally high job satisfaction, a conjecture that has been mentioned at various times in the literature. We conduct the first direct empirical investigation of artists’ job satisfaction. The analysis is based on panel data from the German Socio-Economic Panel Survey (SOEP). Artists on average are found to be considerably more satisfied with their work than non-artists, a finding that corroborates the conjectures in the literature. Differences in income, working hours, and personality cannot account for the observed difference in job satisfaction. Partially, but not fully, the higher job satisfaction can be attributed to the higher self-employment rate among artists. Suggestive evidence is found that superior “procedural” characteristics of artistic work, such as increased variety and on-the-job learning, contribute to the difference in job satisfaction.
    Keywords: job satisfaction, artists, work-preference, cultural economics
    JEL: Z10 J24 J28 J31
    Date: 2012
    URL: http://d.repec.org/n?u=RePEc:diw:diwsop:diw_sp430&r=cul
  4. By: Federico Etro; Laura Pagani
    Abstract: We study the Seventeenth century market for figurative paintings in Italy analyzing original contracts between patrons and artists. We show that a number of supply and demand factors affected prices. We find a positive and concave relation between prices and size of paintings reflecting economies of scale. We show evidence of a positive relationship between prices and the number of figures depicted. Trade in paintings was sufficient to equalize prices between different destinations. Finally, we provide support for the Galenson hypothesis of a positive relation between age of experimental artists and quality as priced by the market.
    Date: 2012–01
    URL: http://d.repec.org/n?u=RePEc:mib:wpaper:217&r=cul

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