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on Cultural Economics |
| By: | Sophie De Vinck (SMIT IBBT); Sven Lindmark (SMIT IBBT) |
| Abstract: | This report offers an in-depth analysis of the major economic developments of the film industry. The object of analysis is feature films, encompassing their production as well as distribution through and exhibition across different channels. It reviews the economic characteristics of the film industry, some of which it shares with other media and content industries. The report includes a database of 10 EU and 10 non-EU companies plus two company case studies (Netflix and Universciné). The report is divided into four major parts. Following an introduction (Chapter 1), Chapter 2 introduces the sector and its main economic, cultural, technological and regulatory features. Chapter 3 analyses the value network of the European film industry in a global perspective, identifying specific strengths and weaknesses across different parts of the value network (production, distribution and exhibition). Chapter 4 analyses how the film industry and its value network are being transformed as a result of the ongoing digitalisation process. Chapter 5 concludes the report by confronting the strengths and weaknesses of the European film industry and the opportunities and challenges posed by digitalisation. The study is based on a review and synthesis of the available literature and reports and on official (Eurostat) and unofficial (trade organisations and consultancies) data on the cinema industry. |
| Keywords: | Media, ICT, Digital shift, EU policies, Copyright |
| JEL: | L1 L5 L82 |
| Date: | 2012–06 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc69525&r=cul |
| By: | Andra Leurdijk (TNO); Ottilie Nieuwenhuis (TNO); Mijke Slot (TNO) |
| Abstract: | This report offers an in-depth analysis of the major economic developments in the music industry. It looks at music companies, and covers the production and distribution of recorded music, including online distribution, and the competition which these companies face from other online music providers. It also looks at the organisation of live performances and the exploitation of music copyright, though data on how these activities contribute to revenues in the sector are less systematically available. The analysis integrates data from this project’s statistical report and includes a database of the major music publishing companies plus two company case studies (EMI and Spotify). The report is divided into six chapters. Following the introduction in Chapter 1, Chapter 2 introduces the sector and its main economic and technological features. Chapter 3 analyses the value network of the music industry, identifying the transformations taking place in the value network and business model as a result of the on-going digitization process. Chapter 5 identifies the main regulatory issues affecting the economic position of the EU music publishing industry. Finally, Chapter 6 weighs the strengths and weaknesses of the European music publishing industry against the opportunities and threats posed by digitization and the internet. The study is based on a review and synthesis of the available literature and reports and on official (Eurostat) and unofficial (trade organisations and consultancies) data on the music publishing industry. |
| Keywords: | media industries, content industries, newspaper publishing |
| Date: | 2012–06 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc69881&r=cul |
| By: | Andra Leurdijk, (TNO); Ottilie Nieuwenhuis (TNO) |
| Abstract: | This report offers an in-depth analysis of the major economic developments in the music industry. It looks at music companies, and covers the production and distribution of recorded music, including online distribution, and the competition which these companies face from other online music providers. It also looks at the organisation of live performances and the exploitation of music copyright, though data on how these activities contribute to revenues in the sector are less systematically available. The analysis integrates data from this project’s statistical report and includes a database of the major music publishing companies plus two company case studies (EMI and Spotify). The report is divided into six chapters. Following the introduction in Chapter 1, Chapter 2 introduces the sector and its main economic and technological features. Chapter 3 analyses the value network of the music industry, identifying the transformations taking place in the value network and business model as a result of the on-going digitization process. Chapter 5 identifies the main regulatory issues affecting the economic position of the EU music publishing industry. Finally, Chapter 6 weighs the strengths and weaknesses of the European music publishing industry against the opportunities and threats posed by digitization and the internet. The study is based on a review and synthesis of the available literature and reports and on official (Eurostat) and unofficial (trade organisations and consultancies) data on the music publishing industry. |
| Keywords: | media industries, content industries, music industry, digitalisation, copyright, business model. |
| Date: | 2013–01 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc69816&r=cul |
| By: | Bocart, Fabian |
| Abstract: | A new heteroskedastic hedonic regression model is suggested which takes into account time-varying volatility and is applied to a blue chips art market. A nonparametric local likelihood estimator is proposed, and this is more precise than the often used dummy variables method. The empirical analysis reveals that errors are considerably non-Gaussian, and that a Student distribution with time-varying scale and degrees of freedom does well in explaining deviations of prices from their expectation. The art price index is a smooth function of time and has a variability that is comparable to the volatility of stock indices. |
| Date: | 2012 |
| URL: | http://d.repec.org/n?u=RePEc:ner:louvai:info:hdl:2078.1/119711&r=cul |
| By: | Jean Paul Simon; Marc Bogdanowicz (Institute for Prospective Technological Studies, Joint Research Centre, European Commission) |
| Abstract: | This policy brief offers a structured review of the major transformations the MCI industries have been going through. It provides some insights into the policy questions these transformations are raising. New ways of implementing policies are suggested and their effectiveness in a digital world is discussed. The first section gives some figures showing the significance of the MCI industries. The second section follows the digital shifts and its impact. The third section reviews the policies. |
| Keywords: | media, ICT, digital shift, EU policies |
| Date: | 2012–12 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc77932&r=cul |
| By: | Javier Olivera (UCD Geary Institute, University College Dublin) |
| Abstract: | We model intergenerational old-age support within the context of a developing country that faces demographic transition: declining fertility and increasing life expectancy. We attempt to answer if agents will be able to support their parents during the next generations and under what conditions. For this purpose we use a three period overlapping generations model and a cultural transmission process, in which agents may be socialized to different cultural family models (old-age supporters and non-supporters). As life expectancy increases, we find conditions under which a reduced fertility rate is compatible with the expectation to be supported during old-age. This offers an additional explanation for the persistency of family old-age support in developing countries facing demographic transsition. |
| Keywords: | Cultural transmission, intergenerational transfers, fertility |
| JEL: | J13 D10 E24 |
| Date: | 2013–05–09 |
| URL: | http://d.repec.org/n?u=RePEc:ucd:wpaper:201307&r=cul |
| By: | World Bank |
| Keywords: | Private Sector Development - E-Business Cultural Heritage and Preservation Transport Economics Policy and Planning Culture and Development - Cultural Policy Environmental Economics and Policies Environment Transport |
| Date: | 2012–01 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wboper:12565&r=cul |
| By: | ITO Kazuyori |
| Abstract: | The recent development in the international rules and procedures for investment protection, caused by the spread of bilateral investment treaties and the use of investment arbitration, has remarkably reduced foreign investors' risks. At the same time, however, there is concern for the erosion of host states' regulatory powers. Specifically, it will be a serious question for policymakers whether and to what extent the investment protection mechanism will undermine the policy space for regulating economic activities which would affect national cultural identities. This paper approaches the problem by analyzing the relevant arbitral awards in detail. The study reveals that, as long as cultural policies are introduced in a reasonable and proportionate manner, arbitral tribunals usually do not find a violation of treaty obligations. Basic principles of investment protection, such as non-discrimination, prohibition of expropriation, and fair and equitable treatment, contain enough margin of interpretation to allow host states to pursue public interests even if some foreign investors were to suffer. In the light of these findings, the paper identifies the specific conditions in which host states can lawfully maintain their cultural policies under the obligation of foreign investment protection. |
| Date: | 2013–05 |
| URL: | http://d.repec.org/n?u=RePEc:eti:rdpsjp:13025&r=cul |
| By: | Andra Leurdijk (TNO); Silvain de Munck (TNO); Tijs van den Broek (TNO); Arjanna van der Plas (TNO); Walter Manshanden (TNO); Elmer Rietveld (TNO) |
| Abstract: | This report offers a quantitative statistical approach to the Media and Content Industries (MCI). It is based on official data sources and complemented with data from non-official data sources. The current OECD definition of the MCI sector is discussed, as regards the limitations of the definition itself and of its operationalization. The approach taken in the collection of data, and also problems with data availability, are dealt with. The official data sources consulted include Eurostat data for EU Member States, the OECD and national statistical offices. In addition, the report draws on a number of non-official sources which complement official statistics and contribute to a better analysis and understanding of the economic profile of the MCI sector, particularly when describing new developments not (yet) covered by official statistics. Data from non-official sources to describe some emerging trends regarding the effect of ICT on the MCI are also provided. The study contains an economic profile of the Media and Content Industries for the individual EU Member States and for the US, Japan, India and China. |
| Keywords: | Media, ICT, Digital shift, EU policies, Copyright |
| JEL: | L1 L5 L82 |
| Date: | 2012–06 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:iptwpa:jrc69435&r=cul |