nep-cul New Economics Papers
on Cultural Economics
Issue of 2020‒04‒06
four papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. The Unintended Consequences of Anti-Piracy Laws on Markets with Asymmetric Piracy: The Case of the French Movie Industry By Christophe BELLEGO; Romain DE NIJS
  2. When a Master Dies : Speculation and Asset Float By Penasse, Julien; Renneboog, Luc; Scheinkman, Jose
  3. Cultural diplomacy and its contribution to management of tourism destination image and identity By Papageorgiou, Panagiotis; Papagianni, Efthimia
  4. Philosophy of creativity By Christine Noël Lemaître; Florian Tomasi

  1. By: Christophe BELLEGO (CREST-ENSAE); Romain DE NIJS (CREST-ENSAE and Ecole polytechnique)
    Abstract: Using the French anti-piracy law known as HADOPI as a natural experiment,we study the asymmetric effects of online piracy on cinema admissions. Applying four estimation strategies at different levels of observation (town, movie, country, and consumer), we find that the introduction of the law is associated with a 9% increase in the market share of American movies.This increase occurs at the expense of other movies. Although we find an increase in overall admissions, this effect is not statistically significant. These findings primarily originate from a high initial level of asymmetric piracy between American and other movies, which was attenuated by the anti-piracy law, resulting in a fiercer competition between movies. The results can also be explained by the behavior of younger consumers, and might be caused by consumers' budget or time constraints. We exclude positive shocks on the relative quality of American movies, the advent of 3D movies, supply side reactions by firms, and word of mouth effects of illegal downloads as explanations for this redistributive effect.
    Keywords: Internet; Online piracy; Redistributive effects; Natural Experiments; Movies.
    Date: 2020–03–07
  2. By: Penasse, Julien; Renneboog, Luc (Tilburg University, Center For Economic Research); Scheinkman, Jose
    Abstract: The death of an artist constitutes a negative supply shock to his future produc- tion; in finance terms, this supply shock reduces the artist’s float. Intuition may thus suggest that this supply shock reduces the future auction volume of the artist. However, if collectors have fluctuating heterogeneous beliefs, since they cannot sell short, prices overweigh optimists’ beliefs and have a speculative component. If collectors have limited capacity to bear risk, an increase in float may decrease sub- sequent turnover and prices (Hong et al., 2006). Symmetrically, a negative supply shock leads to an augmentation of prices and turnover. We find strong support for this prediction in the data on art auctions that we examine.
    Keywords: alternative investment; auction; art auction; short selling constraints; trading volume; resell option; pricing models; economics of art; artists death; premature decease
    JEL: G12 P34 Z11 D44
    Date: 2020
  3. By: Papageorgiou, Panagiotis; Papagianni, Efthimia
    Abstract: Cultural diplomacy has proved to be a strong mode of communication between nations and constitutes a mechanism of exposure and influence, that introduces the notion of mild power. It refers to the ability to “convince” through culture, communicating values and ideas for the accomplishment of ideological goals and functional targets. Also, it is closely connected to the formation of the identity of a country or a city as a tourist destination. Taking the city of Edessa, Greece, as a case study, this work aims to study cultural diplomacy in the present international relationships, as well as its contribution to the formation of the image/identity of the city, finally reaching some conclusions on the current situation. This particular city was chosen as a case study as it has a rich natural and cultural heritage. The documentation of the work is based on two axes. Firstly, the recording of the natural wealth, the material and immaterial cultural heritage of Edessa, as evidenced by the literature review. Secondly, in the primary survey conducted with a structured questionnaire, which included closed type questions and was distributed to active members of the Edessa population, in particular to citizens who members of cultural organizations are or are working in the field of culture.
    Keywords: cultural diplomacy, city branding, destination image, tourism development
    JEL: L83 M31
    Date: 2018–10–28
  4. By: Christine Noël Lemaître (IHP - Institut d'histoire de la philosophie - AMU - Aix Marseille Université); Florian Tomasi (IHP - Institut d'histoire de la philosophie - AMU - Aix Marseille Université)
    Abstract: Note de lecture par Christine Noël Lemaitre 1 et Florian Tomasi 2 L'ouvrage collectif coordonné par Berys Gaut et Matthew Kieran dresse un état des lieux détaillé des recherches menées en philosophie sur la créativité. Les deux coordinateurs de cet ouvrage sont professeurs de philosophie, dans deux institutions prestigieuses : respectivement à l'Université de Saint Andrews et à l'Université de Leeds. Spécialisé en esthétique et en philosophie de l'art, Berys Gaut est l'auteur de plusieurs études consacrées à la créativité artistique et au lien entre art, émotion. Le domaine de recherche de Mathew Kieran est également centré sur la créativité artistique et l'esthétique. En dépit de cette spécialisation, les deux coordinateurs ont su rassembler des textes permettant de couvrir les multiples dimensions de la créativité, allant du champ moral, politique ou encore scientifique. La démarche de Gaut et Kieran est motivée par la nécessité d'apporter une réponse philosophique à ce qu'ils présentent comme étant un enjeu majeur du temps présent. La créativité est en effet une injonction contemporaine (« we live in a creativity obsessed society », p. 3) dont il convient d'interroger le sens et la portée. Ainsi la créativité renvoie-t-elle à un concept robuste ou n'est-elle qu'un écart de langage ? Les deux éditeurs reconnaissent que les philosophes ont écrit relativement peu de choses en ce qui concerne la créativité, contrairement aux psychologues. La démarche mise en oeuvre dans l'ouvrage consiste dès lors à confronter la philosophie aux apports des autres disciplines car les auteurs sont convaincus que des progrès intellectuels majeurs peuvent être réalisés en tentant de résoudre un problème adressé par une discipline à partir d'une approche interdisciplinaire.
    Date: 2019–10–30

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