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on Cultural Economics |
| 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 Tarantaâ€, 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 “instantaneousâ€, 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:ler:wpaper:25737&r=cul |
| By: | Andreas Wagener (School of Economics and Management, University of Hannover) |
| Abstract: | Concert etiquette demands that audiences of classical concerts avoid inept noises such as coughs. Yet, coughing in concerts occurs more frequently than elsewhere, implying a widespread and intentional breach of concert etiquette. Using the toolbox of (behavioral) economics, we study the social costs and benefits of concert etiquette and the motives and implications of individually disobeying such social norms. Both etiquette and its breach arise from the fact that music and its "proper" perception form parts of individual and group identities, convey prestige and status, allow for demarcation and inclusion, produce conformity, and affirm individual and social values. |
| Keywords: | Concert etiquette, social norms, music |
| JEL: | Z11 Z13 D02 |
| Date: | 2012–12 |
| URL: | http://d.repec.org/n?u=RePEc:cue:wpaper:awp-05-2012&r=cul |
| By: | Matthijs Rolsma |
| Date: | 2012–09–26 |
| URL: | http://d.repec.org/n?u=RePEc:wiw:wiwneu:neurusp151&r=cul |
| By: | Croonenbroeck, Carsten; Monaco, Fabrizio Leonardo; Christensen, Mads Julius |
| Abstract: | We complement a former study by Jørgensen, Moritzen and Stadtmann (2012) and estimate a reversed news model for the Danish publicly listed football club Brøndby. In addition to match outcome (as in Jørgensen et al.), news related to corporate governance and the financial status are also important. -- |
| Keywords: | Reversed News Model,Asset Prices,Stock Market |
| JEL: | G14 L83 G32 |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:euvwdp:330&r=cul |