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on Cultural Economics |
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Issue of 2024–12–02
five papers chosen by Roberto Zanola, Università degli Studi del Piemonte Orientale |
| By: | Nicolas Lagios; Pierre-Guillaume Méon |
| Abstract: | We study how experts influence consumer behavior and welfare by focusing on the Booker Prize. Leveraging the discontinuity created by the attribution of the prize, we show that readers receive the signal sent by the jury of the Booker and are persuaded to buy the awarded book but experience lower satisfaction due to a misalignment between their tastes and those of the jury. Calibrating a structural model of demand, we find that the prize reduces consumer surplus by $70, 039 annually, meaning that a consumer buying an awarded book experiences a loss in surplus of 8% of the book’s average price. |
| Keywords: | awards, prizes, welfare, sales, experts, books, consumer surplus |
| JEL: | D12 D83 L15 L82 Z11 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:ces:ceswps:_11298 |
| By: | Higgs, James; Flowerday, Stephen |
| Abstract: | The video game market is forecasted to be valued at $321.6 billion by 2027. Today, younger generations increasingly prefer spending their leisurely time playing online video games. Beyond providing a leisurely – and often competitive – activity to the bulk of its user base, online video games provide cybercriminals with an environment that is free from the reigns of legal enforcement. More specifically, with the growing popularity and uptake of the microtransaction business model, money launderers are provided with novel channels to move their illicitly gained funds. A continuously expanding body of evidence underscores that money laundering is occurring through online video games. Foremost, cybercriminals are attracted to the anonymity and global reach offered by online video games with few to no controls currently in place to disrupt laundering processes. Furthermore, regulations are struggling to keep pace with the latest money laundering strategies employed by cybercriminals. This paper explores and discusses money laundering in the context of online video games. Core vulnerabilities enabling money laundering to occur through online video games are identified. Security controls to reduce the scale of laundering are proposed. |
| Date: | 2024–11–07 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:fyv6c |
| By: | Stéphane Costantini (EHESS - École des hautes études en sciences sociales, Université Sorbonne Paris Nord, LabSIC - Laboratoire des Sciences de l'Information et de la Communication - LABEX ICCA - UP13 - Université Paris 13 - Université Sorbonne Nouvelle - Paris 3 - CNRS - Centre National de la Recherche Scientifique - UPCité - Université Paris Cité - Université Sorbonne Paris Nord - Université Sorbonne Paris Nord) |
| Abstract: | Cet article vise à rendre compte des changements à l'œuvre dans le secteur musical sénégalais, à l'aune du développement d'un écosystème de la musique numérique, poussée principalement par les industries de la téléphonie mobile. La recherche met en regard les stratégies industrielles des acteurs du numérique et les particularités socioéconomiques et culturelles du monde de la musique sénégalaise, et interroge l'interdépendance des acteurs et leurs agencements spécifiques dans la valorisation de la musique. À partir de deux genres musicaux populaires, le mbalax et le hip-hop et leur intégration au sein d'un troisième genre en gestation, le jolofbeats, on verra les enjeux qu'impliquent chez les musiciens le déploiement de logiques d'action différenciées à travers leurs pratiques médiatiques, et les trajectoires de reconnaissance ouvrant les perspectives de carrière en régime numérique. Les résultats mettent en exergue l'imbrication croissante d'une « économie griotique » au sein d'une industrie de services florissante, notamment sous l'influence d'une économie de l'attention mue par les mécanismes de valorisation des plateformes de contenus et de réseaux sociaux. La méthodologie employée s'appuie sur une ethnographie de l'industrie des musiques populaires engagée depuis 2016 à Dakar, complétée par une série d'entretiens libres ou semi directifs effectués auprès d'acteurs de la musique et du numérique au Sénégal (collectifs, labels, médias, services numériques), et d'artistes sénégalais·es. |
| Keywords: | Sénégal, streaming, musique, hip-hop, rap, mbalax, économie de l'attention, économie griotique |
| Date: | 2022–12 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04755258 |
| By: | Vasiliki Fouka; Theo Serlin |
| Abstract: | How does economic modernization affect group identity? Modernization theory emphasizes how labor migration led to the adoption of common identities. Yet economic development may reduce incentives to emigrate, preserving local cultures. We study England and Wales during the Second Industrial Revolution, a period characterized by the development of new industries and declines in transportation and communication costs. Using microdata on individuals’ names and migration decisions, we quantify identity change and its variation across space. We develop and estimate a quantitative spatial model in which migration and cultural identities are inter-dependent. Different components of economic modernization had different effects on identity change. Falling migration costs homogenized peripheral regions. In contrast, industrial development led to heterogeneity, increasing the overall prevalence of the culture of London, while also creating local identity holdouts by reducing out-migration from industrializing peripheries. Modernization promotes both national identities and persistent local identities in peripheral regions that industrialize. |
| JEL: | J6 N0 N33 N63 Z1 |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:33114 |
| By: | David Castells-Quintana (Department of Applied Economics, Univ Autonoma de Barcelona, 08193 Bellaterra, Barcelona, Spain); Roberto Gasquez (Department of Economic History, Institutions, Politics and World Economy. Univ de Barcelona, 08034, Barcelona, Spain) |
| Abstract: | The connection between sports and development has long been highlighted in academia and policy debates. But the extent to which the success of professional sport teams can spur economic dynamism has hardly been studied in the literature. In this paper, we look at the potential connection between sporting success and economic development. We focus on club football and economic dynamism in European regions. To do so, we build a unique dataset with information for 395 football clubs, matched with economic information for 295 NUTS3 European regions, for the 2000-2020 period. Using several econometric techniques, we find robust evidence of a positive connection between club success and regional economic performance. This connection seems especially strong when sporting success comes from relatively modest clubs. |
| Keywords: | sport; football; regions; Europe; development. |
| Date: | 2024–11 |
| URL: | https://d.repec.org/n?u=RePEc:uab:wprdea:wpdea2402 |