nep-cul New Economics Papers
on Cultural Economics
Issue of 2018‒11‒19
three papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. The Economics of Renaissance Art By Federico Etro
  2. Multidimensional media slant: complementarities in news reporting by US newspapers By Sandra García-Uribe
  3. The future of accessing our past: collaboration and digitisation in libraries, archives and museums By Andrea Potgieter; Kagiso Mabe

  1. By: Federico Etro
    Abstract: I analyze the market of paintings in Florence and Italy (1285-1550). Hedonic regressions on real prices allow me to advance evidence that the market was competitive and that an important determinant of artistic innovation was driven by economic incentives. Price differentials reflected quality differentials between painters as perceived at the time (whose proxy is the length of the biography of Vasari) and did not depend on regional destinations, as expected under monopolistic competition with free entry. An inverse-U relation between prices and age of execution is consistent with reputational theories of artistic effort, and prices increased since the 1420s
    Date: 2018
  2. By: Sandra García-Uribe (Banco de España)
    Abstract: Are editors’ choices of front page news based on the potential complementarities between the news items? This paper studies front page choices made by editors of major newspapers in the US. I document that newspapers front pages are biased to certain combinations of news on top of biased to certain news. To identify my measures of bias, I exploit the variation in news relevance across different topics and days. To measure the news relevance I use lead news choices of other US mass media. As a consequence, my measures of bias are relative to the overall media bias. I also provide a reader-maximization model for front page decisions that I use to interpret the empirical biases of the newspaper as preferences of its population of target readers. From my estimation, I recover maps of complementarities among pairs of topics for each of the major US newspapers. I fi nd that complementarities between news contribute in a large portion to the probability that news on a topic appears in the front page.
    Keywords: Media bias, discrete choice, complementarities, multiple products
    JEL: D22 C25 L82
    Date: 2018–06
  3. By: Andrea Potgieter (University of Johannesburg); Kagiso Mabe (University of Johannesburg)
    Abstract: Technological innovation has led to disruptions in the global economy. In South Africa, one such disruption has been the shift towards the digitisation of resources that were previously only available in hard copy. Institutions most notably affected by the digitisation drive, have been libraries, archives, and museums (LAMs), which serve as important cultural heritage organizations. Considering the significant financial implications of a digitisation project, this paper explores the possible benefits and challenges that are faced when LAMs collaborate with each other, when digitising content. This qualitative, cross sectional study compared results from the data of 21 interview transcripts, which were first analysed through thematic coding in ATLAS.ti, and then analysed in Leximancer, a software tool which applies natural language processing to text. The results discuss relevant themes and concepts, revealed during the interviews with digitising-focused employees, at various LAMs in South Africa. This paper aimed to illuminate which user-generated perceptions of concerns and opportunities should be noted when an organization considers a collaborative technological intervention, specifically in the context of LAMs in South Africa. Findings showed that the sharing of technology, skills and knowledge was prevalent when considering potential benefits of a collaborative digitisation project, while access to resources and the inefficient use of resources, were identified as significant challenges in collaborative digitisation projects. The novelty of this discussion lies within the triangulation of results by using different analysis tools, and the value of the research is the unique view given of the challenges and opportunities which arise when a collaborative digitisation project is deployed.
    Keywords: Knowledge management, Knowledge sharing; Libraries, archives & museums, digitisation, collaboration, South Africa
    JEL: D83 L31 D80
    Date: 2018–10

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