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on Cultural Economics |
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Issue of 2024‒08‒19
four papers chosen by Roberto Zanola, Università degli Studi del Piemonte Orientale |
| By: | Duygu Buyukyazici; Eva Coll-Martinez; ; ; |
| Abstract: | Despite the growing literature on the cultural and creative industries (CCIs) within the last decades, the understanding of the actual human capital that characterises these industries is still limited. The need for a framework to unfold the CCIs’ human capital increases when considering their long-attributed role in knowledge spillovers, cross-fertilisation, and innovation processes in the larger economy. In this regard, the present study provides the first conceptual and empirical framework to identify and evaluate the CCIs’ skill compositions by utilising the revealed skill requirements method based on the relative skill advantage, relatedness and complexity measures. Based on this framework, essential and complementary skills for the CCIs are identified and discussed in terms of the implications for regional specialisation. |
| Keywords: | cultural and creative industries, skill relatedness, skill complexity, regional specialisation. |
| JEL: | R39 Z10 |
| Date: | 2024–07 |
| URL: | https://d.repec.org/n?u=RePEc:egu:wpaper:2421 |
| By: | Gambato, Jacopo; Sandrini, Luca |
| Abstract: | In this study, we analyze the incentives of a streaming platform to bias consumption when products are vertically differentiated. The platform offers mixed bundles of content to monetize consumer interest in variety and pays royalties to sellers based on the effective consumption of the generated content. When products are not vertically differentiated, the platform has no incentive to bias consumption in equilibrium. With vertical differentiation, royalties can differ, and the platform biases recommendations in favor of the cheapest content, hurting consumers and high-quality sellers. Biased recommendations, if unconstrained, eliminate sellers' incentives to increase the quality of their content, but if constrained, may lead to the inefficient allocation of R&D efforts. |
| Keywords: | platform economics, media economics, content aggregator, recommendation bias, innovation |
| JEL: | D4 L1 L5 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:zewdip:300272 |
| By: | Yuheng Lin (University of Dundee); Dooruj Rambaccussing (University of Dundee); Yu Zhu (University of Dundee) |
| Abstract: | This study examines the economic impact of international students' in |
| Date: | 2024–06–29 |
| URL: | https://d.repec.org/n?u=RePEc:boc:fsug24:29 |
| By: | L\'aszl\'o Csat\'o; D\'ora Gr\'eta Petr\'oczy |
| Abstract: | According to previous studies, competitive balance has significantly declined in the UEFA Champions League group stage over the recent decades. Our paper introduces six alternative indices for measuring ex ante and ex post competitive balance in order to explore the robustness of these results. The ex ante measures are based on Elo ratings, while the ex post measures compare the group ranking to reasonable benchmarks. We find no evidence of any trend in the competitive balance of the UEFA Champions League group stage between the 2003/04 and 2023/24 seasons. |
| Date: | 2024–06 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2406.19222 |