{"title":"The values of cultural goods and cultural capital externalities: state of the art and future research prospects","authors":"Trine Bille","doi":"10.1007/s10824-024-09503-3","DOIUrl":"https://doi.org/10.1007/s10824-024-09503-3","url":null,"abstract":"<p>Cultural economics has largely looked toward environmental economics and used non-market valuation techniques such as contingent valuation to estimate the total economic value of cultural goods. These methods are well suited to the valuation of cultural heritage goods, where the benefits are mostly related to the level of <i>supply</i> and mainly take the form of existence and bequest values. This stands in contrast to cultural institutions such as theatres, libraries, exhibitions, and concerts, where the value is produced, when the goods are <i>consumed.</i> For this type of cultural goods, I suggest that cultural economics rather turn to find inspiration in the economics of education. The value of schooling can be divided into private returns and social returns (human capital externalities). Likewise, the value of cultural consumption can have a private and a public component, where I suggest labeling the public component <i>cultural capital externalities</i>. The idea is that when private consumption of arts and culture is taking place, the individual will accumulate cultural capital. This accumulated cultural capital can impact other people (e.g., through changed behavior, future decisions or interactions) and create externalities, i.e., the cultural capital externalities. The size of the externalities is expected to increase (or decrease) with the level of consumption. Without the consumption by the users, no externalities are produced. While this is one of the most fundamental arguments for cultural policy, it has not yet been extensively studied within cultural economics.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"79 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140007347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jordi McKenzie, Paul Crosby, Alan Collins, Thorsten Chmura
{"title":"No such thing as a free movie? Cross-country evidence on the potential impact of AVOD streaming services","authors":"Jordi McKenzie, Paul Crosby, Alan Collins, Thorsten Chmura","doi":"10.1007/s10824-024-09505-1","DOIUrl":"https://doi.org/10.1007/s10824-024-09505-1","url":null,"abstract":"<p>This study investigates potential disruption from advertising-based video-on-demand (AVOD) streaming for new-release in-home films. Using stated-preference discrete choice experiments on representative samples from four major countries, we model demand and examine substitution patterns between AVOD and the incumbent transactional video-on-demand (TVOD) model. In addition, we consider illegal streaming alternatives, including the possibility of using a VPN to provide anonymity of the unlawful activity. We find strong preferences for AVOD across each country sample, with large cross-price substitution patterns away from TVOD. An entry simulation exercise provides back-of-the-envelope estimates for ad pricing required to offset reduced revenues if AVOD were offered alongside TVOD for new-release in-home films.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"79 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139977960","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Joke economics: the low profile of comedy in the economics of arts and culture","authors":"Alan Collins","doi":"10.1007/s10824-024-09504-2","DOIUrl":"https://doi.org/10.1007/s10824-024-09504-2","url":null,"abstract":"<p>Despite being a globally significant form of art and culture, the performance of comedy has seemingly maintained a very low profile in cultural economics. The case for greater research scrutiny of this art form is advanced alongside some possible reasons for the relatively low academic attention devoted to comedy. The scope for considering comedy in economic terms is also considered, and a range of research questions are raised to stimulate debate and further enquiry on the topic.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"273 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139951903","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of COVID-19 on cultural and arts activities: evidence from a large-scale micro-level survey in South Korea","authors":"Seonho Shin","doi":"10.1007/s10824-024-09501-5","DOIUrl":"https://doi.org/10.1007/s10824-024-09501-5","url":null,"abstract":"<p>Despite consensus in the literature regarding the importance of culture and arts, as well as their vulnerability to economic shocks, few empirical studies assess the degree to which they have been affected adversely by the COVID-19 pandemic. This study thus quantitatively measures the impact of COVID-19 on people’s cultural engagement in South Korea. Various econometric methods are applied to South Korea’s large-scale <i>Culture and Arts Activity Survey</i> dataset, which is nationally representative and provides micro-level detail. Results suggest that COVID-19 made South Korean people substantially and significantly less likely to participate in cultural and arts activities—by 15 to 17 percentage points for venue activities and 24 to 25 percentage points for outdoor activities. Strong heterogeneity, however, seems to exist depending on an individual’s gender, age, education, income, and early exposure to the arts. Interestingly, the pandemic rather raised people’s likelihood of visiting a library, which serves as a safer cultural outlet, and the number of movies watched through digital media increased. Remarkably, the results from quantile count regression suggest that frequent goers were more affected. However, there is preliminary evidence indicating an exception for ‘very frequent goers’ (highly engaged individuals at the 90th percentile level from the bottom) who may not have much compromised their consumption of culture and arts despite the challenging circumstances brought on by the pandemic.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"58 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-02-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139910158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Intermediary liability and trade in follow-on innovation.","authors":"Alexander Cuntz, Matthias Sahli","doi":"10.1007/s10824-023-09470-1","DOIUrl":"10.1007/s10824-023-09470-1","url":null,"abstract":"<p><p>Intellectual property rights have changed the market value and direction of artistic innovation throughout art history, in particular when new creations built on the art of predecessors. In this paper, we test how changes in legal frameworks and litigation risks affected market value and commercial trade around artistic reuses in the figurative arts and the 'Appropriation Art' movement in particular. Appropriation artists borrow images from different sources and incorporate them into new, derivative works of art. By doing so, they risk infringing copyright but also put auction trade and artwork availability at litigation risk as liability can extend to market intermediaries, such as auction houses, museums, or galleries. Using a differences-in-differences model and large-scale online data, we investigate the causal impact of the prominent <i>Cariou v. Prince</i> U.S. higher court decision on intermediary trade and the availability of artworks on sale in the Appropriation Art. As an exogenous shock, this decision changed the perceived litigation risk for market intermediaries around what constitutes fair use. Following the court decision, we find a temporary decline in the total number of global auctions in the Appropriation Art, a lower sales probability of these artworks, and a relocation of related auctions to non-U.S. houses.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"1 1","pages":"1-42"},"PeriodicalIF":2.7,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10900993/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48162392","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Arturo Cifuentes and Ventura Carlin: the worth of art. Financial tools for the art market. New York, Columbia University Press, 2023","authors":"Kim Oosterlinck","doi":"10.1007/s10824-023-09499-2","DOIUrl":"https://doi.org/10.1007/s10824-023-09499-2","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"5 6","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138944179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. B. Ferreira Neto, Jennifer Nowicki, Shishir Shakya
{"title":"Do public libraries help mitigate crime? Evidence from Kansas City, MO","authors":"A. B. Ferreira Neto, Jennifer Nowicki, Shishir Shakya","doi":"10.1007/s10824-023-09497-4","DOIUrl":"https://doi.org/10.1007/s10824-023-09497-4","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"42 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138952625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The valuation of copies for Chinese artworks","authors":"Kim Oosterlinck, A. Radermecker, Yuqing Song","doi":"10.1007/s10824-023-09495-6","DOIUrl":"https://doi.org/10.1007/s10824-023-09495-6","url":null,"abstract":"","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"88 14","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138954254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Health insurance access and the career choices of college graduates with majors in the arts: evidence from the affordable care act’s dependent coverage expansion","authors":"Richard J. Paulsen, Rajendra Dulal","doi":"10.1007/s10824-023-09496-5","DOIUrl":"https://doi.org/10.1007/s10824-023-09496-5","url":null,"abstract":"<p>In this study, we test for the impact of the Affordable Care Act’s dependent coverage expansion on the career choices of young college graduates with majors in the arts in the United States. Since working as an artist often involves employment arrangements like self-employment and project-based work that lack health insurance coverage, policies that expand access to health insurance have the potential to make employment in the arts more attractive for arts graduates. Using American Community Survey data, we use a difference-in-differences regression approach comparing the likelihood of working in the arts for college graduates with majors in the arts who are just under- and just over-26, pre- and post-implementation of the ACA’s dependent coverage expansion. We find that the ACA increased the likelihood that arts graduates under 26 years of age were working in the arts by over 2% points, effects that are statistically significant and large as less than 20% of arts graduates in our sample work in the arts. Such changes are not observed for other graduates, suggesting that this response is unique to arts graduates, who are often found to behave differently than other workers.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"178 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138630418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Evaluating the quality of UNESCO World Heritage List: a comparison with the Baedeker’s guidebooks","authors":"Martina Dattilo, Fabio Padovano","doi":"10.1007/s10824-023-09493-8","DOIUrl":"https://doi.org/10.1007/s10824-023-09493-8","url":null,"abstract":"<p>This study verifies whether the number of criteria of Outstanding Universal Value (OUV) satisfied by a site in the UNESCO World Heritage List (WHL) can be considered as an ordinal measure of its quality against the alternative hypotheses that: a) quality can be measured just dichotomously, by inclusion in the WHL); b) the multiplicity of existing OUV is just meant to capture alternative aesthetic criteria expressed by different cultures. This issue is important for both scientific and policy reasons. To avoid problems of endogeneity and reverse causality, we examine the correlation between the number of satisfied criteria and the evaluation of the site’s quality made by an authoritative travel guidebook that pre-existed UNESCO, the Baedeker’s guide of the early twentieth century. Exploiting a newly assembled dataset on 234 UNESCO World Heritage Sites (WHS) in 10 European countries from 11 Baedeker’s guidebooks, from 1899 to 1911, we proxy the Baedeker’s evaluations of quality by four measures: (1) total number of citations of the site; (2) weighted number of citations; (3) average length of the paragraphs with at least one citation; and (4) sentiment expressed in the text. All these measures appear positively and significantly correlated with the number of UNESCO criteria that the site satisfies, using a variety of strategies and robustness checks, confirming that they are an informative ordinal proxy for the quality of UNESCO WHS. Moreover, this analysis brings evidence to bear on the debate about the formation and persistence of UNESCO experts’ evaluations over time.</p>","PeriodicalId":47190,"journal":{"name":"Journal of Cultural Economics","volume":"13 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2023-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138561158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}