nep-cul New Economics Papers
on Cultural Economics
Issue of 2017‒05‒14
four papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Cultural identity and willingness to protect and preserve art By Claudio Detotto; Marta Meleddu; Marco Vannini
  2. The role of culture in urban contexts By Giuseppe Cornelli
  3. Digitalisation and intermediaries in the music industry By Hviid, Morten; Izquierdo Sanchez, Sofia; Jacques, Sabine
  4. Cultural and economic value: A (p)review By Francesco Angelini; Massimiliano Castellani

  1. By: Claudio Detotto (Laboratoire Lieux, Identités, eSpaces et Activités (LISA)); Marta Meleddu (University of Sassari and CRENoS); Marco Vannini (University of Sassari and CRENoS)
    Abstract: The aim of this paper is to analyse the willingness to pay of art-goers for the protection and preservation of cultural artefacts. To this purpose, a discrete choice experiment approach is employed. The experiment took place in 2011 during a major exhibition dedicated to the artist Costantino Nivola (1911- 1988). His works, especially those based on the novel sand-casting technique, are known worldwide and many of them were produced after he moved from Sardinia (Italy) to the United States (where he lived from 1939 to his death in 1988). Over this period he never cut his ties with his native land. As a result, both the American and the Sardinian culture affect and show up in his works. In this context, the discrete choice experiments allowed us to estimate not only the price that people are prepared to pay for the security of Nivola’s artefacts but also the contribution of non-market components, such as identity, to preserve those objects. Accounting for heterogeneity, the empirical findings show that among visitors there is a substantial willingness to partially cover the cost of preserving the cultural heritage, with significant differences related to the characteristics of the collections considered.
    Keywords: Cultural heritage ; Discrete Choice Experiment ; Identity ; Mixed Logit
    JEL: C25 D60 D61 Z11
    Date: 2017–05
  2. By: Giuseppe Cornelli
    Abstract: This short paper aims to analyse from an interdisciplinary perspective the role of culture, cultural institutions and cultural actors in the urban scenarios. The main goal is to underline that this type of analysis have to take in consideration several academic disciplines: in particular, the analysis will be done from the point of view of public art, urban sociology, urban geography and economics of culture in order to provide a comprehensive tretment of the subject.
    Keywords: Culture; Urban context; Urban geography; Interdisciplinary; Economics of culture;
    JEL: R11 R58 Z10
    Date: 2017–03
  3. By: Hviid, Morten; Izquierdo Sanchez, Sofia; Jacques, Sabine
    Abstract: Prior to digitalisation, the vertical structure of the market for recorded music could be described as a large number of artists [composers, lyricists and musicians] supplying creative expressions to a small number of larger record labels and publishers who funded, produced, and marketed the resulting recorded music to subsequently sell these works to consumers through a fragmented retail sector. We argue that digitalisation has led to a new structure in which the retail segment has also become concentrated. Such a structure, with successive oligopolistic segments, can lead to higher consumer prices through double marginalisation. We further question whether a combination of disintermediation of the record labels function combined with “self-publishing” by artists, will lead to the demise of powerful firms in the record label segment, thus shifting market power from the record label and publisher segment to the retail segment, rather than increasing the number of segments with market power.
    Keywords: Streaming; self publishing; music industry
    JEL: K0 K2 O34
    Date: 2017–03–01
  4. By: Francesco Angelini (Department of Economics, University of Bologna, Italy); Massimiliano Castellani (Department of Economics, University of Bologna, Italy; The Rimini Centre for Economic Analysis, Italy)
    Abstract: The concept of value in cultural economics has been one of the main topic of study in the last years, focusing on the distinction between economic and cultural value and on how these two values interact one with the other. However, a review of these studies lacks in literature, together with a scheme which represents the relationships between the cultural good's and the artist’s characteristics: this is what we propose in our paper, presenting a review of the cultural economics literature and then representing the above-mentioned relationships, as a preview of what we think could be the direction of the analysis of this issue.
    Keywords: cultural good, cultural value, economic value, talent, fame
    JEL: Z11
    Date: 2017–04

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