nep-cul New Economics Papers
on Cultural Economics
Issue of 2023‒04‒03
five papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale
  1. Information extraction and artwork pricing By Jaehyuk Choi; Lan Ju; Jian Li; Zhiyong Tu
  2. Literature as a Creative Industry By Abbas Moosvi
  3. Outline Framework for NFTs and Blockchains for Digital Provenance By Garnett, Philip
  4. The value of cultural similarity for predicting migration: evidence from digital trace data By Carolina Coimbra Vieira; Sophie Lohmann; Emilio Zagheni
  5. The Football World Cup: the good deal? By Luc Arrondel; Richard Duhautois
  1. By: Jaehyuk Choi; Lan Ju; Jian Li; Zhiyong Tu
    Abstract: Traditional art pricing models often lack fine measurements of painting content. This paper proposes a new content measurement: the Shannon information quantity measured by the singular value decomposition (SVD) entropy of the painting image. Using a large sample of artworks' auction records and images, we show that the SVD entropy positively affects the sales price at 1% significance level. Compared to the other commonly adopted content variables, the SVD entropy has advantages in variable significance, sample robustness as well as model fit. Considering the convenient availability of digital painting images and the straightforward calculation algorithm of this measurement, we expect its wide application in future research.
    Date: 2023–02
    URL: http://d.repec.org/n?u=RePEc:arx:papers:2302.08167&r=cul
  2. By: Abbas Moosvi (Pakistan Institute of Development Economics)
    Abstract: We have a huge book industry (if you look at paper import figures) – but most of the market is concentrated in religious/moral texts, largely because it is heavily subsidized by special interests; this leaves little room for creative literature. The biggest problem is the generation of demand, which is always a policy issue. Are we as a society invested in literature? Are we thinking that stories are important for our emotional/mental wellbeing? Unless that is the case, we cannot expect authors to ‘make it’ purely on their own because that approach can only go so far.
    Date: 2022
    URL: http://d.repec.org/n?u=RePEc:pid:wbrief:2022:94&r=cul
  3. By: Garnett, Philip (University of York)
    Abstract: There has been a lot of hype around blockchains and non fungible tokens (NFTs). However the technology is yet to establish itself beyond a limited number of fairly specific use cases, namely cryptocurrency and digital art. This commentary seeks to propose an outline framework for NFTs and Blockchains for digital provenance of important digital artifacts such as citizen intelligence and newspapers. This article develops an outline framework and reasoning for NFT and Blockchain technology to be used to establish provenance of digital artifacts in what is an increasingly contested digital space. A space where the subtle (and perhaps not so subtle) manipulation of video, images, and all forms of digital evidence and documents by humans, and increasingly artificial intelligence, could be used to challenge contemporary narratives and manipulate the past. This framework should be seen as an opening proposal to ignite discussion, as the establishment of any technology in this space should not be done without careful consideration. Nor should it be done by a single individual or group.
    Date: 2023–02–19
    URL: http://d.repec.org/n?u=RePEc:osf:socarx:whmxb&r=cul
  4. By: Carolina Coimbra Vieira (Max Planck Institute for Demographic Research, Rostock, Germany); Sophie Lohmann (Max Planck Institute for Demographic Research, Rostock, Germany); Emilio Zagheni (Max Planck Institute for Demographic Research, Rostock, Germany)
    JEL: J1 Z0
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:dem:wpaper:wp-2023-009&r=cul
  5. By: Luc Arrondel (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris sciences et lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement); Richard Duhautois (LIRSA - Laboratoire interdisciplinaire de recherche en sciences de l'action - CNAM - Conservatoire National des Arts et Métiers [CNAM] - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université, CEET - Centre d'études de l'emploi et du travail - CNAM - Conservatoire National des Arts et Métiers [CNAM] - HESAM - HESAM Université - Communauté d'universités et d'établissements Hautes écoles Sorbonne Arts et métiers université - M.E.N.E.S.R. - Ministère de l'Education nationale, de l’Enseignement supérieur et de la Recherche - Ministère du Travail, de l'Emploi et de la Santé)
    Abstract: The "jewel" in FIFA's crown and its main "asset" remains the World Cup. Established in 1928, it has been held every four years since the 1930 tournament hosted and won by Uruguay among 13 teams. Qatar will host 32 teams, but more than 200 teams from all six continental confederations have participated in the qualifying rounds. After the Second World War, the World Cup experienced a very strong growth in terms of broadcasting (from 1966), sporting notoriety, social stakes and economic activity (especially from the 1970s). The competition has become a global event, benefiting from a planetary diffusion. Not only has the World Cup become FIFA's main source of funding, but many national federations and governments are interested in hosting the event to benefit from the potential social and economic benefits.
    Abstract: Le « joyau » de la couronne de la FIFA et son principal « actif » demeure la Coupe du monde. Créée en 1928, elle a lieu tous les quatre ans depuis le tournoi de 1930 organisé et remporté par l'Uruguay parmi treize prétendants. Le Qatar accueillera 32 équipes, mais plus de 200 formations appartenant aux six confédérations continentales ont participé aux phases éliminatoires. Après la Seconde Guerre mondiale, la Coupe du monde va connaitre une très forte croissance en termes de diffusion (à partir de 1966), de notoriété sportive, d'enjeu social et d'activité économique (surtout à partir des années 1970). La compétition est devenue un évènement global, bénéficiant d'une diffusion planétaire. La Coupe du monde est non seulement devenue la principale source de financement de la FIFA, mais un grand nombre de fédérations nationales et de gouvernements souhaitent organiser cet événement pour bénéficier d'éventuelles retombées en matière sociales et économiques.
    Keywords: Economy, Geopolitics, Television, World Cup, Coupe du monde, Economie, FIFA, Géoéconomie, Télévision
    Date: 2022
    URL: http://d.repec.org/n?u=RePEc:hal:pseptp:halshs-03936123&r=cul
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