nep-cul New Economics Papers
on Cultural Economics
Issue of 2013‒01‒26
four papers chosen by
Roberto Zanola
University Amedeo Avogadro

  1. The impact of the Euro 2012 on popularity and market value of football players By Kiefer, Stephanie
  2. Time Scarcity and the Market for News By Larbi Alaoui; Fabrizio Germano
  4. Genetic Diversity and the Origins of Cultural Fragmentation By Quamrul Ashraf; Oded Galor

  1. By: Kiefer, Stephanie
    Abstract: High popularity and a high market value are important for a footballer's regular wage as well as advertising and sponsor contracts. Yet how can a football player improve his popularity and market value? The aim of this study is to examine whether a good performance during the 2012 European Football Championship has an impact on the increase of popularity in different online media and on market value and if so which specific performance variables are relevant for this. This study finds out that different Euro 2012 performance variables significantly influence the increase of popularity in selected online media and of market values. However, these performance variables mostly do not have the highest impact on the dependent variables. -- Eine hohe Popularität und ein hoher Markenwert sind wichtig für das reguläre Gehalt eines Fußballers sowie für seine Werbe- und Sponsorenverträge. Doch wie kann ein Fußballspieler seine Popularität und seinen Markenwert steigern? Das Ziel dieser Studie ist es zu untersuchen, ob gute Leistung während der Fußballeuropameisterschaft 2012 einen Einfluss auf die Popularität in verschiedenen Onlinemedien und den Markenwert hat und, falls ja, welche spezifischen Leistungsvariablen dafür relevant sind. Diese Studie kommt zu dem Ergebnis, dass verschiedene Leistungsvariablen einen signifikanten Einfluss auf den Anstieg an Popularität in den untersuchten Onlinemedien und Markenwert haben. Aber diese Leistungsvariablen haben meistens nicht den höchsten Einfluss auf die abhängigen Variablen.
    JEL: M30 J30 L82 L83 L86
    Date: 2012
  2. By: Larbi Alaoui; Fabrizio Germano
    Abstract: We develop a general theory of news media. News consumers are time constrained and perform a (possibly subconscious) optimal search, given the amount of time they possess. Their utility functions are general and allow for complementarities over the amount of information they acquire on any given topic. Media outlets are aware of consumers' preferences and constraints, and aim to maximize readership. These outlets observe the news items of the day and decide on a ranking to provide to readers. They cannot falsify or misreport news. In the baseline model readers and outlets are unbiased and fully rational. <br><br> We then derive basic properties of equilibria on these markets for news. In particular, equilibrium rankings need not be reader-efficient. Even in competitive markets, readers may read more than they would like to; they may read stories distinct from the ones they prefer and on topics that are different from the ones they consider to be important. Next, we derive implications on diverse aspects of new and traditional media. These include a rationale for tabloid news based on complementarities in preferences, a rationale for why readers switch to certain online media platforms as a way to circumvent inefficient rankings found in traditional media, and the derivation of a positive role for public media in restoring reader-efficient standards. Finally, we relate some of our findings to recent stylized facts, and brie y discuss political economy implications of the model.
    Keywords: media economics, media competition, information search, time preference, news ranking, digital media, internet, new and traditional media, public media, tabloid news, media bias
    JEL: D03 L13 L82
    Date: 2012–12
  3. By: Vincenzo Scoppa (Dipartimento di Scienze Economiche, Statistiche e Finanziarie, Università della Calabria)
    Abstract: We investigate the role of fatigue in soccer (football). Although this issue is important for the “productivity” of players and the optimal organization of national and international championships, there is a lack of empirical evidence. We use data on all the matches played by national teams in all the tournaments of the FIFA Soccer World Cup (from 1930 to 2010) and the UEFA European Football Championship (from 1960 to 2012). We relate team performance (in terms of goal difference and points gained) to the respective days of rests that teams have had after their previous match, controlling for several measures of teams’ abilities. Using different estimators we show that, under the current structure of major international tournaments, there are no relevant effects of enjoying different days of rest on team performance.
    Keywords: Sports Economics, Soccer, Fatigue, Team Performance, World Cup, European Football Championship
    JEL: L83 J4 J22 L25 C29
    Date: 2013–01
  4. By: Quamrul Ashraf; Oded Galor
    Abstract: Despite the importance attributed to the e§ects of diversity on the stability and prosperity of nations, the origins of the uneven distribution of ethnic and cultural fragmentation across countries have been underexplored. Building on the role of deeply-rooted biogeographical forces in comparative development, this research empirically demonstrates that genetic diversity, predominantly determined during the prehistoric ìout of Africaî migration of humans, is an underlying cause of various existing manifestations of ethnolinguistic heterogeneity. Further exploration of this uncharted territory may revolutionize the understanding of the e§ects of deeply-rooted factors on economic development and the composition of human capital across the globe. (JEL N30, O10, O50, Z10)
    Keywords: #
    Date: 2013

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