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on Cultural Economics |
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Issue of 2014‒08‒20
three papers chosen by Roberto Zanola Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Roberto Patuelli (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis (RCEA), Italy); Maurizio Mussoni (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis (RCEA), Italy); Guido Candela (Department of Economics, University of Bologna, Italy) |
| Abstract: | Culture is more and more considered as an important driver of tourism. However, it is critical, for policymakers, to evaluate the potential returns from investments in culture and generally cultural offer, in particular in multiregion settings with a potentially inefficient distribution of cultural offer. Our paper focuses on the role of distance (between the tourist’s origin and destination regions) in mediating the tourism impact of cultural offer. This research question is investigated by means of a spatial interaction model, applied to the case of Italian domestic tourism. We find that distance indeed matters: a destination’s endowment in culture appears to be more attractive for long-distance tourists, while an origin region’s endowment seems to dinsincentivate long-distance trips to a greater extent. |
| Keywords: | cultural offer; domestic tourism; spatial interaction model; distance; spatial competition |
| JEL: | C23 L83 R12 Z10 |
| Date: | 2014–05 |
| URL: | http://d.repec.org/n?u=RePEc:rim:rimwps:14_14&r=cul |
| By: | Ileana Miranda Mendoza (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne); François Gardes (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris); Xavier Greffe (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris I - Panthéon-Sorbonne, EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris); Pierre-Charles Pradier (SAMM - Statistique, Analyse et Modélisation Multidisciplinaire (SAmos-Marin Mersenne) - Université Paris I - Panthéon-Sorbonne) |
| Abstract: | The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every five years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and type of the document, together with consumer and assets price indices explain more than one half of the price differences. Authors whho are more often sold at auctions (hence more likely to attract international demand) carry a 28% premium when sold in stores. The autographs (real) price increased by 222% during the period, while the hedonic price increased by 190%. With growing correlation between French autograph prices and art market index, as well as a supply function responsive to market valuation and trends, the French autograph market has become more integrated in the global art market since the 1990's. |
| Keywords: | Autographs; Hedonic prices; Hedonic price function; Globalization |
| Date: | 2014–02 |
| URL: | http://d.repec.org/n?u=RePEc:hal:cesptp:halshs-01025095&r=cul |
| By: | Jenny Schuettz |
| Abstract: | New York City is often held up as a successful example of arts-led economic development. Case studies have documented the influx of avant-garde artists and galleries into several neighborhoods, including Greenwich Village, SoHo, and Chelsea, followed by yuppies and boutiques. Some researchers have used these examples to argue that artists and galleries can spur gentrification. An alternative hypothesis is that galleries locate in neighborhoods with higher levels of amenities. In this paper, I examine whether concentrations of galleries are associated with redevelopment of surrounding neighborhoods, conditional on initial neighborhood amenities. Results suggest that while physical conditions do affect gallery location choices, the presence of galleries has little impact on subsequent changes in the built environment. Historic districts, museums, parks and commercial-friendly zoning are positively associated with new gallery openings, although the relationships vary across neighborhoods. Proximity to prior galleries is strongly predictive of new gallery openings. Using historic gallery locations to instrument for current galleries, the analysis finds little evidence that gallery presence is associated with neighborhood redevelopment. |
| Keywords: | retail location, economic development, amenities, Art Galleries |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:luk:wpaper:9121&r=cul |