nep-cul New Economics Papers
on Cultural Economics
Issue of 2017‒01‒22
three papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. From publishers to self-publishing: The disruptive effects of digitalisation on the book industry By Hviid, Morten; Izquierdo Sanchez, Sofia; Jaques, Sabine
  2. Does the usage of TV streaming on the Internet bring about new functions to the public service broadcaster? : Evidence from a randomized field experiment By Kuroda, Toshifumi; Kido, Daido; Ichikawa,Yoshiharu
  3. Remarks at the Culture Imperative – an Interbank Symposium By Dudley, William

  1. By: Hviid, Morten; Izquierdo Sanchez, Sofia; Jaques, Sabine
    Abstract: This paper explores the structure of the book publishing industry post- digitalisation. We argue that the introduction of successful e-book readers has belatedly given digitalisation the characteristics of a disruptive technology by making self-publishing a serious option for authors. This has been supported by the entry of new types of intermediaries and the strengthening of others. These changes have reduced the overall complexities for an author to get a book self-published. As a result, a larger share of the surplus from the book industry is likely going to authors, explaining the significant increase in the supply of books. The potential over-supply of books has created a new problem by making consumer search more difficult. We argue that digitalisation has shifted the potential market failure from inadequate supply of books to asymmetric information about quality. It remains to be seen whether the market will provide appropriate intermediaries to solve the associated asymmetric information problem and, if not, what appropriate interventions should be contemplated.
    Keywords: Book industry; self publishing; traditional publishing; retailers
    JEL: D22 D4 L82
    Date: 2016–12
  2. By: Kuroda, Toshifumi; Kido, Daido; Ichikawa,Yoshiharu
    Keywords: Public service media,Internet,Field experiment
    JEL: D12 D72 D83 L86
    Date: 2016
  3. By: Dudley, William (Federal Reserve Bank of New York)
    Abstract: Remarks at the Culture Imperative – An Interbank Symposium at the Convene Conference Center, New York City.
    Keywords: culture; trustworthiness; leadership; role model; ethics; behavioral norms; LIBOR; whistle blowing; integrity; Candid self-assessment; candid assessment
    Date: 2017–01–11

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