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on Cultural Economics |
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Issue of 2024‒08‒12
four papers chosen by Roberto Zanola, Università degli Studi del Piemonte Orientale |
| By: | Britwum, Kofi; Demont, Matty |
| Keywords: | Marketing, Consumer/ Household Economics, Food Consumption/Nutrition/Food Safety |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:ags:aaea22:343802 |
| By: | Yuqing Song |
| Abstract: | Collaboration is a common artistic practice. The art market, however, often focuses on individual artists. How does collaboration affect the market value of artworks? The present study explores the market for collaborative paintings and calligraphy with a focus on one of the most important artists of the 20th century, Zhang Daqian (1899-1983), the “Picasso of the East.” We reveal a collaboration network of 247 nodes and 782 edges, spreading across three stages of the artist’s career. We provide evidence that, on average, collaborative artworks fetch lower prices than single-authored ones. Interestingly, not all collaborators lower prices equally. Network analysis suggests an inversely U-shaped relationship between a collaborator’s centrality and art prices. The paper sheds light on the mechanisms driving value in the market for collaborative artworks. |
| Keywords: | Collaboration; Collaborative paintings; Celebrity branding; Zhang Daqian; Chinese art market |
| Date: | 2024–07–09 |
| URL: | https://d.repec.org/n?u=RePEc:sol:wpaper:2013/375963 |
| By: | Salvatore Carrozzo; Alessandra Venturini; Elisabetta Lodigiani |
| Abstract: | The consumption of cultural goods can play a crucial role in the social and economic integration of immigrants into their destination country. In this paper, we investigate the effect of the cultural national program, IoStudio, designed to enhance the consumption of cultural goods among upper secondary students in Italy, on post-secondary investment in education and early labor market conditions among young immigrants. Using data from a unique survey conducted by the Institute for Multiethnic Studies (ISMU) on a repre-sentative sample of the entire immigrant population in the Italian Lombardy region and employing a difference-in-differences estimator, we find that the IoStudio policy has pos-itive effects on investment in post-secondary education. Additionally, young foreigners exposed to the policy exhibit higher earnings, at least in the short run, when they enter the labour market. We claim that cultural consumption by immigrants is a relevant concern, deserving close attention in terms of increasing social capital and labour market inclusion. |
| JEL: | Z11 J61 J62 I26 |
| Date: | 2024–07–16 |
| URL: | https://d.repec.org/n?u=RePEc:cel:dpaper:69 |
| By: | P. Battiston; M. Magnani; D. Paolini; L. Rossi |
| Abstract: | We empirically analyze the strategic proofness of a positional voting system. We exploit the setting of the Eurovision Song Contest, where each country participates both as a candidate — with an artist and a song — and with a set of voters, — including jury members, and the popular vote – and where voters attribute points according to a modified version of the Borda rule. Despite voters being forbidden from voting their country’s song, we find evidence of strategic behavior in the competition final, particularly among industry experts (jury members), who tend to attribute lower votes to close competitors of their country’s candidate. By matching Eurovision voting data to Spotify data on success and musical featuresof each competing song, we show that this behaviour is not explained by intrinsic quality or commercial success of individual songs, but is rather driven by strategic considerations. Strategic voting potentially aspects any settings where voters have an interest in specific candidates being elected, a relevant example being the election of members of international bodies: our analysis provides empirical evidence that forbidding votes for own candidates is not enough to neutralize strategic behavior. |
| Keywords: | Strategical Voting, Positional Voting, Eurovision Song Contest |
| JEL: | D72 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:par:dipeco:2024-ep02 |