nep-cul New Economics Papers
on Cultural Economics
Issue of 2016‒03‒17
two papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Cultural Beliefs, Values and Economics: A Survey By Marini, Annalisa
  2. Visitor Attitudes to Deaccessioning in Italian Public Museums: An Econometric Analysis By Marilena Vecco; Andrej Srakar; Michele Piazzai

  1. By: Marini, Annalisa
    Abstract: The present work reviews the relation between culture and economics; in doing so, we often distinguish between the historical component of culture (i.e. inherited values) and its contemporaneous component (i.e. social interactions). First, the paper emphasizes which cultural traits are relevant in economics, reviews situations where culture affects economic outcomes and addresses the relevance of culture across time and space. Then, it explains the theoretical framework of reference for the transmission of both contemporaneous and inherited culture. Finally, it presents econometric techniques available to the researchers and suitable to investigate the impact of culture on economic outcomes, providing suggestions for future research.
    Keywords: Contemporaneous Culture, Inherited Culture, Cultural Econometrics
    JEL: C0 Z1
    Date: 2016–01
  2. By: Marilena Vecco (Erasmus University Rotterdam, The Netherlands); Andrej Srakar (Institute for Economic Research, Faculty of Economics, University of Ljubljana, Slovenia); Michele Piazzai (Delft University of Technology, The Netherlands)
    Abstract: Deaccessioning is a largely controversial practice involving the sale or disposal of objects from a museum’s collection. Although it has received increasing attention in the past few decades as a solution to museums’ financial concerns, its implications have rarely been researched in academia which is mainly due to the ‘barely legal’ status of deaccessioning as a management practice. Previous research suggests that visitors’ responses may vary depending on some factors, such as the destination of income generated by deaccessioning operations and the public’s perception of the museum collection as a public good. We address this question by analysing visitors’ responses in Italian public museums. Specifically, we hypothesize that stronger public cultural identity of the collection and the purpose of the income generated by deaccessioning strongly affect the attitudes to deaccessioning. Using structural equation modelling, we estimate several important determinants of visitors’ responses. We also show that attitudes to deaccessioning do not influence the decision to visit a museum. The findings of the article have implications for museum governance and particularly for the knowledge about deaccessioning in cultural economics and museum management.
    Keywords: public museums, deaccessioning, visitor attitudes, structural equation models, Italy
    JEL: Z11 Z18 H40 D12 C36 C38
    Date: 2016–02

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