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on Cultural Economics |
| By: | Bombana, Roberto; Marchese, Carla |
| Abstract: | This paper investigates which is the most desirable payment schedule, from a social welfare standpoint, for compensating IPR holders for music broadcast by radio stations. A model of a radio station that acts as a monopoly with respect to listeners and sells ads in a competitive market is presented. Two types of fees, ad valorem and per unit, are examined. Exploiting the similarity between taxes and fees, we extend results from taxation theory in two-sided markets to show that the case where only one side (i.e. advertisers) pays, while the other (the listeners) receives the service for free, di¤ers somewhat from the case thus far considered by the literature, in which both sides pay. The results mildly support the prevailing regulatory approach, based on ad valorem fees. |
| Keywords: | regulation, radio, collecting agencies, IPR fees |
| JEL: | H23 H44 L82 |
| Date: | 2012–02 |
| URL: | http://d.repec.org/n?u=RePEc:uca:ucapdv:166&r=cul |
| By: | Sambit Bhattacharyya; Roland Hodler |
| Abstract: | Democracy and media freedom have been suggested as useful tools in the fight against political corruption, but so far their interplay in this fight has received scant attention. We present a game theoretic model which predicts that the corruption-reducing effect of democracy becomes stronger as media freedom increases. Using panel data covering the period 1980-2008 and 126 countries, we find empirical support for this prediction. Our main results hold when we control for the effects of income, time varying common shocks, regional fixed effects and various additional covariates. The complementarity between democracy and media freedom in the fight against corruption is also supported by Indian state level data. |
| Keywords: | Corruption; political institutions; democracy; media freedom |
| JEL: | D72 D73 H11 |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:csa:wpaper:2012-02&r=cul |
| By: | Attanasi, Giuseppe; Casoria, Fortuna; Centorrino, Samuele; Urso, Giulia |
| Abstract: | In this paper we show how the investment in cultural events may encourage the building of social capital and foster the development of local communities. We rely on a casestudy that we conducted about the socio-economic impact of the Festival “La Notte della Taranta”, the most important European music festival dedicated to traditional music (about 170.000 participants per year), on the sub-region of southern Italy where it is held. Our evidence is based on a large survey, consisting of nearly 10.000 interviews to Festival participants over a span of five editions (2007-2011). A primary result is that the initial economic investment in the Festival has brought a short-term return in terms of touristic attraction worth more than two times as much. More importantly, our results indicate that a cultural festival, despite being a mass gathering, is able to create strong bonds among its participants and between them and the area where the event takes place. Although these bonds are “instantaneous”, i.e. temporally restricted to the duration of the event, they are positively correlated with the economic impact of the event on the territory. |
| Keywords: | Cultural event, economic impact, social capital, greatly motivated tourist |
| Date: | 2012–02 |
| URL: | http://d.repec.org/n?u=RePEc:tse:wpaper:25758&r=cul |