nep-cul New Economics Papers
on Cultural Economics
Issue of 2014‒12‒13
six papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. Are autographs integrating the global art market? The case of hedonic prices for French autographs (1960-2005) By Ileana Miranda Mendoza; François Gardes; Xavier Greffe; Pierre-Charles Pradier
  2. "Jamendo: The Heartbeat of Free Music!" Musicians and the Creative Commons By Author-Name: Stephen Bazen; Laurence Bouvard; Jean-Benoît Zimmermann
  3. On the antitrust economics of the electronic books industry By Gaudin, Germain; White, Alexander
  4. Policy on the media platform industry: The analysis of pricing policies of internet media with two-sided market theory By Kim, Sung-min
  5. Transformations of Industrial Heritage: Insights into External Effects on House Prices By Mark van Duijn; Jan Rouwendal; Richard Boersema
  6. Digital bricolage: Resources and coordination in the production of digital visual effects By Charles-Clemens Rüling; Raffi Duymedjian

  1. 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
  2. By: Author-Name: Stephen Bazen (Aix-Marseille University (Aix-Marseille School of Economics) GREQAM / CNRS and EHESS); Laurence Bouvard (Aix-Marseille University (Aix-Marseille School of Economics) GREQAM / CNRS and EHESS); Jean-Benoît Zimmermann (Aix-Marseille University (Aix-Marseille School of Economics) GREQAM / CNRS and EHESS)
    Abstract: Jamendo is a website for the legal, free downloading of music. This platform of “free” online music, the biggest in the world, operates on the basis of Creative Commons licences. The survey presented here was carried out on a sample of 767 artists (solo musicians or groups) who are members of Jamendo. Our purpose in carrying out this survey was to identify as precisely as possible the characteristics of the artists present on Jamendo and the type of CC licence they choose in order to better understand the motives for their choices. To go further, the question is that of the Jamendo business model from the artists’ point of view. Does Jamendo simply represent a great opportunity for amateurs to showcase their music and win an audience? Or is Jamendo also capable of attracting professional artists, for whom earning an income from their music is essential? To put it another way, the underlying question is whether platforms like Jamendo constitute a possible alternative model for the music industry of tomorrow.
    Keywords: music, intellectual property, Creative Commons, business model
    Date: 2014–10
  3. By: Gaudin, Germain; White, Alexander
    Abstract: When Apple entered the ebook market, prices rose. A recent court decision found Apple guilty of colluding with publishers, blaming the price hike, in part, on agency agreements and prohibiting their use. Building a model to compare these with traditional wholesale agreements, we identify a single, pivotal condition that leads prices under agency to be higher than under wholesale with two-part tariffs but lower with linear pricing. Our model shows that the increase in ebook prices can be explained, instead, by heightened competition for reading devices, and it guides our understanding of when restricting agency agreements is advisable.
    Keywords: Electronic Books,Antitrust in High-Tech Industries,Vertical Contracting,Wholesale vs. Agency Agreements,Media Economics
    JEL: D21 D40 L23 L4 L42 L51 L82 L86
    Date: 2014
  4. By: Kim, Sung-min
    Date: 2014
  5. By: Mark van Duijn (VU University Amsterdam, and University of Groningen, the Netherlands); Jan Rouwendal (VU University Amsterdam, the Netherlands); Richard Boersema (Colliers International, Amsterdam)
    Abstract: Local policy makers seek ways to deal with abandoned industrial heritage in their jurisdictions. Much is demolished, but in some cases considerable investments are made to preserve the cultural aspects of industrial sites. The renewal plans are usually designed to stimulate urban renewal in the vicinity of these sites. Little seems to be known about the effectiveness of these policies and in this paper, we study whether the redevelopment of five industrial heritage sites caused positive external effects by investigating the development of house prices in nearby residential areas. We use a quasi‐experimental design by comparing quality‐adjusted house prices before the start, between the start and the completion and after the completion of the transformation. We find substantial effects of one site, which is the best-known example of renovated industrial heritage i n the Netherlands, but much smaller or no effects for the other sites. We also model the decay of these effects over time and space. We find different decay effects for each case. We conclude that industrial heritage sites do not necessarily cause negative external effects. If there are negative external effects present they disappear at the start of the transformation of the industrial heritage site, suggesting anticipation effects. Also, positive external effects on house prices after the redevelopment of industrial heritage are not necessarily present. The details of the transformation project (e.g. location, size of the site, size of the investment, focus on interior or exterior investments) seem to be important determinants that may cause the existence of positive external effects.
    Keywords: Industrial heritage, redevelopment, urban revitalization, external effects, hedonic prices
    JEL: C21 D62 H43 R0
    Date: 2014–09–12
  6. By: Charles-Clemens Rüling (MC - Management et Comportement - Grenoble École de Management (GEM)); Raffi Duymedjian (MC - Management et Comportement - Grenoble École de Management (GEM))
    Abstract: The advent of digital technologies has led to profound changes in the creative industries, including the digitization of resources and the consequential fragmentation and greater physical distance of work practices. Looking at the production of digital visual effects for film production, this paper asks how collective digital bricolage is enabled by specific resources and involves particular coordination mechanisms. Based on a large set of interviews with industry experts, we identify the important role of two dominant coordination principles: "narrative alignment", i.e. a scene's contribution to an overall storyline, and "verisimilitude", which we define as a sense of perceptual realism. Together, these two principles facilitate collective bricolage in an increasingly fragmented and specialized professional field. Conceptually, we develop the notion of 'digital bricolage', which relies on digital assets and tools, and emphasize the need to study the impact of digitization on the nature of resources and on the coordination mechanisms emerging in specific creative industries.
    Keywords: Bricolage; creative industries; digital technologies; visual effects; verisimilitude
    Date: 2014

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