nep-cul New Economics Papers
on Cultural Economics
Issue of 2024‒01‒29
seven papers chosen by
Roberto Zanola, Università degli Studi del Piemonte Orientale


  1. Public perception of creative and cultural industries in Croatia By Jelena Budak; Edo Rajh; Mirela Holy
  2. Non-hedonic experiences: why do people voluntarily consume pain and negative emotions? By Sarah Peronne
  3. Línea de base para las bibliotecas, edificios patrimoniales y museos de Chile: preparación para la estimación de los efectos en caso de desastre By Bello, Omar; Allen, Eduardo; González, Mauricio
  4. Enlightenment Ideals and Belief in Progress in the Run-up to the Industrial Revolution: A Textual Analysis By Almelhem, Ali; Iyigun, Murat; Kennedy, Austin; Rubin, Jared
  5. Créateurs de contenus et institutions culturelles : Formes et enjeux de collaboration By Marie Ballarini; I. Bastard
  6. Deep Learning for Dynamic NFT Valuation By Mingxuan He
  7. The Tour de France: A Success Story in Spite of Competitive Imbalance By Wladimir Andreff; Jean-François Mignot

  1. By: Jelena Budak (The Institute of Economics, Zagreb); Edo Rajh (The Institute of Economics, Zagreb); Mirela Holy (VERN’ University)
    Abstract: This research investigates the public perception of creative and cultural industries in Croatia. Based on the survey data, it assesses how well Croatian citizens/consumers are familiar with creative and cultural industries and explores their usage of creative and cultural industry products and services. The consumers’ attitudes towards creative and cultural industries’ products and services are also compared. The research objective is to identify the determinants of public perception in the context of creative industries and the creative economy. Six main theoretical models of acceptance are tested to examine which model best fits the context of creative industries in Croatia. The findings are framed to facilitate policy decision-making so 20 recommendations for the future development of policies to encourage creative and cultural industries in Croatia are offered.
    Keywords: perception, acceptance models, creative and cultural industries, creative economy, consumers
    JEL: D12 L8 Z10
    Date: 2023–10
    URL: http://d.repec.org/n?u=RePEc:iez:wpaper:2302&r=cul
  2. By: Sarah Peronne (GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - Institut Agro Rennes Angers - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement)
    Abstract: Horror movies, dark tourism, skydiving, rafting, marathons, survival camps, are all market experiences that propose to consumers to pay in order to experience, in the short term, moments of difficulty, both physical and emotional. Our research focuses on the experiential context of non-hedonic consumption experiences, that is, experiences that by their nature involve negative emotions and/or physical pain, and the perceived meaning and benefits of such consumption? Through four participant observations conducted during various tourist and leisure experiences (silent retreat, Mud Day, cold reinforcement trip, and horror Escape Game), we have shown, among other things, that, under certain conditions, pain and negative emotions represent a necessary step to the perception of personal benefits, particularly in terms of fun, eudemonic well-being, and social connection.
    Abstract: Films d'horreur, dark tourism, sauts en parachute, rafting, marathons, stages de survie, autant d'expériences marchandes qui proposent aux consommateurs de payer afin d'expérimenter, à court terme, des moments de difficulté, aussi bien physiques qu'émotionnels. Notre recherche porte sur le contexte expérientiel des expériences de consommation non hédoniques, à savoir, des expériences qui, par leur nature, impliquent des émotions négatives et/ou une douleur physique, ainsi que sur le sens et les bénéfices perçus d'une telle consommation ? Grâce à quatre observations participantes menées lors d'expériences touristiques et de loisirs variées (une retraite silencieuse, un Mud Day, un séjour de renforcement par le froid et un Escape Game d'horreur), nous avons notamment montré que, dans certaines conditions, la douleur et les émotions négatives représentent une étape nécessaire à la perception de bénéfices personnels, notamment en termes d'amusement, de bien-être eudémonique et de lien social. Mots clefs : Bien-être eudémonique ; douleur ; émotions négatives ; ethnomarketing ; marketing expérientiel.
    Keywords: Bien-être eudémonique, émotions négatives, Douleur, Ethnomarketing, Marketing expérientiel
    Date: 2023–05–10
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04345308&r=cul
  3. By: Bello, Omar; Allen, Eduardo; González, Mauricio
    Abstract: En el contexto de la preparación para la evaluación de daños, pérdidas y costos adicionales en situaciones de desastre, resulta imperativo desarrollar una línea de base sectorial que permita una actualización continua en el tiempo. Este enfoque posibilita una medición detallada del capital expuesto a diversas amenazas. En este documento se presenta el ejercicio conjunto llevado a cabo por la Comisión Económica para América Latina y el Caribe (CEPAL) y el Servicio Nacional del Patrimonio Cultural (SERPAT) del Ministerio de las Culturas, las Artes y el Patrimonio de Chile, con el apoyo del Servicio Nacional de Prevención y Respuesta ante Desastres (SENAPRED) de ese país. El objetivo es establecer una línea de base de activos y flujos para tres categorías, museos, bibliotecas y edificios patrimoniales, utilizando la metodología de evaluación de daños y pérdidas de la CEPAL.
    Date: 2023–12–26
    URL: http://d.repec.org/n?u=RePEc:ecr:col022:68781&r=cul
  4. By: Almelhem, Ali (World Bank); Iyigun, Murat (University of Colorado, Boulder); Kennedy, Austin (University of Colorado, Boulder); Rubin, Jared (Chapman University)
    Abstract: Using textual analysis of 173, 031 works printed in England between 1500 and 1900, we test whether British culture evolved to manifest a heightened belief in progress associated with science and industry. Our analysis yields three main findings. First, there was a separation in the language of science and religion beginning in the 17th century. Second, scientific volumes became more progress-oriented during the Enlightenment. Third, industrial works—especially those at the science-political economy nexus—were more progress-oriented beginning in the 17th century. It was therefore the more pragmatic, industrial works which reflected the cultural values cited as important for Britain's takeoff.
    Keywords: language, religion, science, political economy, progressiveness, Enlightenment, industrial revolution
    JEL: C81 C88 N33 N63 O14 Z11
    Date: 2023–12
    URL: http://d.repec.org/n?u=RePEc:iza:izadps:dp16674&r=cul
  5. By: Marie Ballarini (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres - CNRS - Centre National de la Recherche Scientifique); I. Bastard (BnF_DSG - Bibliothèque nationale de France, Délégation à la Stratégie et à la recherche - BnF - Bibliothèque nationale de France)
    Abstract: Existing on social networks has become an absolute necessity for cultural institutions over the last decade. There are, however, multiple modes of existence in digital spaces: if institutional accounts constitute a starting point for many, digital strategy also involves thinking about articulations with the spontaneous and multiple expression emblematic of the web, whether that of visitors, competitors, or prescribers. Among these voices, we focus on those of a new form of prescription and mediation by content creators, sometimes called art influencers. Neither speaker guides, nor journalists, heirs of communication agencies and audiovisual production companies, these new actors, generally individual, have heterogeneous motivations and objectives, witnesses of an ecosystem in the process of being reconfigured. Their positioning and their relationships with traditional players in the field are therefore under construction and it is these reconstructions that this text proposes to follow.
    Abstract: Exister sur les réseaux sociaux est devenu au cours de la dernière décennie une nécessité absolue pour les institutions culturelles. Il y a pourtant des modes d'existence multiples dans les espaces numériques : si les comptes institutionnels constituent un point de départ pour beaucoup, la stratégie numérique implique aussi de penser des articulations avec l'expression spontanée et multiple emblématique du web, que ce soit celle de visiteurs, de concurrents, ou de prescripteurs. Parmi ces voix, nous nous penchons sur celles d'une nouvelle forme de prescription et de médiation par les créateurs de contenus, parfois appelés influenceurs de l'art. Ni guides conférencier(ère)s, ni journalistes, héritiers des agences de communication et sociétés de productions audiovisuelles, ces nouveaux acteurs, en général individuels ont des motivations et des objectifs hétérogènes, témoins d'un écosystème en cours de reconfiguration. Leur positionnement et leurs relations avec les acteurs traditionnels du domaine sont donc en construction et ce sont ces reconstructions que proposent de suivre ce texte.
    Keywords: Médiation, Musée, Réseaux sociaux, Créateurs de contenus, Collaboration professionnelle
    Date: 2023
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-04353078&r=cul
  6. By: Mingxuan He
    Abstract: I study the price dynamics of non-fungible tokens (NFTs) and propose a deep learning framework for dynamic valuation of NFTs. I use data from the Ethereum blockchain and OpenSea to train a deep learning model on historical trades, market trends, and traits/rarity features of Bored Ape Yacht Club NFTs. After hyperparameter tuning, the model is able to predict the price of NFTs with high accuracy. I propose an application framework for this model using zero-knowledge machine learning (zkML) and discuss its potential use cases in the context of decentralized finance (DeFi) applications.
    Date: 2023–12
    URL: http://d.repec.org/n?u=RePEc:arx:papers:2312.05346&r=cul
  7. By: Wladimir Andreff; Jean-François Mignot (GEMASS - Groupe d'Etude des Méthodes de l'Analyse Sociologique de la Sorbonne - UP4 - Université Paris-Sorbonne - FMSH - Fondation Maison des sciences de l'homme - CNRS - Centre National de la Recherche Scientifique)
    Abstract: The Tour de France is one of the world's largest annual sport events. Although cycling races are usually not lucrative, the Tour de France organizer's balance sheet reveals that the Tour has been profitable since the 1980s. How can this economic success story be explained? Most sport economists are used to turn to tournament theory and a contest's competitive balance and outcome uncertainty as major reasons for success. However, fans of the Tour de France are seldom surprised by the name of the final winner of the race, usually not even by the riders sharing the podium. Thus, explaining the Tour's success by competitive balance must be checked carefully. Following the introduction, this chapter shows how the Tour de France has been a successful managerial and economic model: it is a well-designed and well-managed sport event, with a modern financing model which is founded on TV broadcasting rights, like other mega-sport events. Fundamentally, the quality of the show of the Tour seems well explained by tournament theory. However, if one focuses on competitive balance, it appears that the success of the Tour is likely not due to a high competitive balance, but instead holds in spite of static and dynamic competitive imbalance. The conclusion stresses that the increasing economic success of the Tour since the 1980s is likely not caused by more competitive racing, but instead by a better broadcasting of the event.
    Keywords: Tour de France
    Date: 2022–10–29
    URL: http://d.repec.org/n?u=RePEc:hal:journl:hal-03909038&r=cul

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