MORE THAN A GOOD BOOK: CONTINGENT VALUATION OF PUBLIC LIBRARY SERVICES IN ENGLAND

By Daniel Fujiwara, Ricky N. Lawton and Susana Mourato

This is the first economic study to value the wide range of benefits to individuals and the community provided by libraries in England, combining two economic methods for valuing culture: contingent valuation and subjective wellbeing analysis. A primary survey of around 2,000 library users and non-users shows the combined annual value of local library services is £723.4million. Library use is also positively associated with subjective wellbeing, suggesting that libraries have an important role in users’ quality of life.

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EX-ANTE VS. EX-POST: A REASSESSMENT OF ECONOMIC IMPACT STUDIES IN ARTS AND CULTURE

By Andrej Srakar and Marilena Vecco

The estimation of the economic effects of cultural events is a topic that has stirred numerous debates in cultural economics. Although economic impact studies and contingent valuation have been the most frequently used methods, both suffer from numerous problems. In this article, we use ex-post econometric verification as a new and promising method in cultural economics in the estimation of the economic effects of cultural events and apply it to the estimation of the effects of the 2012 European Capital of Culture Maribor on tourism and employment.

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FROM POPULAR TO HIGHBROW CULTURE: THE CHANGING ROLE OF EDUCATION

By Sara Suarez‑Fernandez, Juan Prieto‑Rodriguez and Maria Jose Perez‑Villadoniga

Education is the socioeconomic variable that has the greatest (direct and indirect) impact on cultural participation. In this paper, we analyze the effect of education on cultural consumption once the impact of income is controlled for. We find that the effect varies between activities, with its marginal effect more relevant for highbrow activities than for popular culture. This result is consistent with the idea that highbrow cultural consumption involves the comprehension of more complex symbolic elements, and individuals’ decoding abilities depend more on education than on income. Continue reading “FROM POPULAR TO HIGHBROW CULTURE: THE CHANGING ROLE OF EDUCATION”

FLAMENCO AND COPYRIGHT. THE CASE OF CAMARÓN DE LA ISLA

By Jesús Heredia-Carroza, Luis Palma Martos and Luis F. Aguado

This article analyzes the gap between the performer’s contribution to the flamenco work and the protection he/she obtains. We designed a methodology based on interviews with flamenco personalities and surveys of flamenco market agents which enabled us to obtain an approximation to the cultural valuation of the contribution of the three elements that constitute the flamenco work: palo (cultural heritage), author and performer. For the 25th anniversary of his death, we present a representative case focusing on the figure of Camarón de la Isla. Continue reading “FLAMENCO AND COPYRIGHT. THE CASE OF CAMARÓN DE LA ISLA”

LEONARDO IN LIMBO: AN ECONOMIC EVALUATION

By Robert B. Ekelund, Jr., Richard Higgins and John D. Jackson

Interest in recent art “discoveries” and attributions is at high pitch. Most starling has been a “new” Leonardo initially sold for a modest price in a regional New Orleans auction house then only to become the most expensive painting ever sold at auction at almost half a billion dollars. Attributions are changing constantly depending on a consensus of “experts,” with changes motivated by new evidence or connoisseurship as in the case of a recent Rembrandt attribution. But for some of these works, expert opinion substitutes for falsification. That is an issue for Da Vinci’s Salvator Mundi and it can be related to the economic nature of certain goods.

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HOW TO GET RID OF TICKET BOTS?

By Pascal Courty

The event industry has been plagued by an epidemic of ticket bots that take advantage of online ticketing to grab the best tickets for high demand events and to earn large profits on resale markets. I define the fair price ticketing curse and propose a simple mechanism to get rid of bots.

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