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EconomistsTalkArt.org

Research-based policy analysis and commentary

AWFULLY BEAUTIFUL? I REALLY LIKE THIS ARTWORK, IF I AM NOT MISTAKEN

By Monika Kackovic 

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Information about the quality of producers and products has strategic value and affects economic decisions. But what happens in markets with informational gaps where quality is difficult to observe and where objective criteria to make quality judgments are largely lacking?

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TRANSFORMATION AND JOB CREATION IN THE CULTURAL AND CREATIVE INDUSTRIES IN SOUTH AFRICA

By Jen Snowball, Alan Collins and Delon Tarentaal

The Cultural and Creative Industries (CCIs) have been hailed as offering great potential to create jobs and to be socially inclusive. This study investigates to what extent the CCIs in South Africa are moving towards more inclusive and racially diverse patterns in their ownership and employment profiles. Using a survey of 2400 randomly selected CCIs, it compares ownership and employment patterns across the six UNESCO Cultural Domains to determine their contribution to black economic empowerment (transformation) within the various domains.

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DOMINANT AND DOMINATED POSITIONS IN THE CO-PRODUCTION NETWORK OF THEATRE COMPANIES IN ITALY’S CAMPANIA REGION

By Marco Serino, Daniela D’Ambrosio and Giancarlo Ragozini

In this study we contend that the co-production of theatre plays may have a critical impact on the ways producers position themselves in the theatrical field. Being involved in co-productions means taking part in the struggle for gaining rewards depending on the more or less advantageous partnerships one is able to exploit. Our study on a regional theatre system of Southern Italy reveals how such partnerships matter for producers to conquer dominant positions in the local theatre industry

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EXPLAINING THE CONTROVERSIAL APPEAL OF MOVIE FRANCHISES

An Application of ‘Consumption Capital Theory’ to Serial Media Content

By Christian Opitz and Kay H. Hofmann

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The appeal of movie continuations clearly is in the eye of the beholder. While loyal fans tend to praise them, the average cineaste is often skeptical of sequels and other serial media content. Nevertheless, leveraging proven storylines in the form of so-called ‘franchises’ has become an omnipresent phenomenon in Hollywood. We study the determinants of sequel success off the beaten track by applying ‘consumption capital theory’ to movie franchises. Our empirical results point to the explanatory power of the proposed framework and may help industry executives to improve the profitability of sequel projects. Continue reading “EXPLAINING THE CONTROVERSIAL APPEAL OF MOVIE FRANCHISES”

FREE PORTS OR ART PRISONS?

By Sigrid Hemels

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Art may be stored without tax in free ports. However, one may wonder whether free ports are just special tax regimes or whether there is more laying behind their high walls. Sigrid Hemels discusses why free ports may become dodgy art prisons and how this problem can be solved.

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THE ROLE PLAYED BY CULTURAL HERITAGE IN INFLUENCING THE LOCATION CHOICES OF SKILLED INDIVIDUALS

By Pia Nilsson and Mikaela Backman

The development of regions is determined by the knowledge and skills of people living there. Thus, it is in the interest of local policy makers to find location-specific attractors. New research shows that cultural heritage is one of these attractions.

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