nep-cul New Economics Papers
on Cultural Economics
Issue of 2021‒10‒04
five papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. Art in Times of Crisis By David, Géraldine; Li, Yuexin; Oosterlinck, Kim; Renneboog, Luc
  2. Accounting and music: The role of Giuseppe Verdi in shaping the 19th century culture industry By Balluchi, Federica; Lazzini, Arianna; Torelli, Riccardo
  3. Right to Research and Copyright Law: From Photocopying to Shadow Libraries By Ram Mohan, M.P.; Gupta, Aditya
  4. Mutualisation and collegiality in employing cultural associations in France By Philippe Henry
  5. Multiple Equilibria and Unsustainable Runs in Major League Baseball: More Evidence By Rockerbie, Duane; Easton, Stephen

  1. By: David, Géraldine; Li, Yuexin (Tilburg University, Center For Economic Research); Oosterlinck, Kim; Renneboog, Luc (Tilburg University, Center For Economic Research)
    Keywords: art markets; art price; auction; monetary policy; systemic risk; political risk; wars; financial distress; inflation; cultural economics; economic history
    Date: 2021
  2. By: Balluchi, Federica; Lazzini, Arianna; Torelli, Riccardo
    Abstract: The aim of this research is to investigate the contribution of Giuseppe Verdi and Casa Ricordi in shaping the 19th century music culture industry by adopting a new perspective on accounting and history. In 19th century Italy, opera represented an important phenomenon, both artistically and socially, playing a fundamental role of intermediary between society and the political sphere. The complex relationships between the composer (artist) and the publisher (cultural intermediary) are analysed in the specific field of opera music, outlining the evolution and interweaving of artistic, social, and economic aspects. The study embraces the period 1839–1893 and examines the economic and private relations between Giuseppe Verdi and Casa Ricordi and their impacts on the culture industry to this day. This paper’s novelty is to adopt a historical perspective to broaden accounting into the field of high music offering possibilities for further studies.
    Date: 2021–08–03
  3. By: Ram Mohan, M.P.; Gupta, Aditya
    Abstract: Academic research and publishing are facing a crisis. The importance of access to academic literature in an interconnected world, the ever-growing cost of subscriptions to this literature, different revenue models of journals, and reducing or stagnant library budgets are pushing research and the academic community to find alternatives for academic research and publications. In its 25 years of existence, the open access movement and models which sought to contain the crisis have become the subject of considerable criticism. At the same time, a significant portion of academic literature remains locked behind steep paywalls. This has led to the growth of pirate websites and shadow libraries which have been met with forceful legal retribution by the publishers using Copyright laws. Using the Sci-Hub case, which is currently facing copyright infringement by a group of publishers before the Delhi High Court, the article evaluates the Open Access Movement, fair dealing in copyright law, academic piracy, and courts cases in the United States, India, and other countries, within the broad meaning of the right to research. The paper concludes that the purposive interpretation of the Copyright Law may have an answer enabling a just outcome.
    Date: 2021–09–24
  4. By: Philippe Henry (Scènes et savoirs - UP8 - Université Paris 8 Vincennes-Saint-Denis)
    Abstract: The survey on employing cultural associations in France, conducted in 2019-2020 by the resource center Opale, allows a first exploration of the modes of mutualisation and forms of collegiality these organisations practise. A secondary processing of quantified survey data reveals a partly cumulative and correlated hierarchy of these modes and a generally more intense practise when collegial deliberation and decision-making bodies exist. Nevertheless, there are also clear differences, both according to the fields of activity and the types of structure which are considered. The varying intensity of the modes of pooling and of collegial forms thus creates a highly contrasted landscape.
    Abstract: L'enquête sur les associations culturelles employeuses en France, réalisée en 2019-2020 par le centre de ressources Opale, permet une première exploration des modes de mutualisation et des formes de collégialité pratiqués par ces organisations. Un traitement secondaire de données quantifiées de l'enquête permet de mettre au jour une hiérarchie pour partie cumulative et corrélée de ces modes et une pratique généralement renforcée en cas d'existence d'instances collégiales de délibération et de décision. Néanmoins, d'assez nettes différences apparaissent également, aussi bien selon les domaines d'activité que pour les types de structure pris en compte. L'intensité variable des modes de mutualisation et des formes de collégialité construit ainsi un paysage fortement contrasté.
    Keywords: Cultural associations,mutualisation,cooperation,Associations culturelles,coopération
    Date: 2021–09–19
  5. By: Rockerbie, Duane; Easton, Stephen
    Abstract: Teams that operate in professional sports leagues often display a cyclical pattern in team winning percentages that are driven by the payroll choices of owners that are inconsistent with a single, stable equilibrium. Two explanations emerge: a stable equilibrium that is shifting over time due to shifts of the revenue or payroll function; or moving between two stable equilibriums. We employ the Bounds test for cointegration between relative team revenues and payrolls to detect multiple equilibria in a sample of Major League Baseball teams over the 1990-2018 seasons. The results suggest the possibility of multiple equilibria for five teams even after accounting for moves to new stadiums that shift the team revenue function.
    Keywords: revenue, payroll, equilibrium, revenue sharing, baseball
    JEL: L19 Z0
    Date: 2021–09–15

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