CULTURAL ECONOMICS IN THE ASIA PACIFIC: THE LOW DOWN ON THE 20TH INTERNATIONAL CONFERENCE ON CULTURAL ECONOMICS

By Bronwyn Coate and Tim R.L. Fry

From 26-29 June RMIT University was proud to host the 20th International Conference on Cultural Economics. This is the first time the conference has been hosted in the Southern Hemisphere. Delegates from 35 countries, attending ACEI, came from industry, government and academia and included a few artists as well.

Continue reading “CULTURAL ECONOMICS IN THE ASIA PACIFIC: THE LOW DOWN ON THE 20TH INTERNATIONAL CONFERENCE ON CULTURAL ECONOMICS”

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FISCAL AND ECONOMIC ASPECTS OF BOOK CONSUMPTION IN THE EUROPEAN UNION

By Karol Jan Borowiecki and Trilce Navarrete

One of the available and yet controversial tools in cultural policy at the national level is the reduction of VAT rates for cultural goods and services. We document the standard and reduced VAT rates in EU-28 countries in the period from 1993 to 2013 and explore the underlying determinants. We also show and estimate the exact positive effect of a fiscal rate reduction on the book expenditure.

Continue reading “FISCAL AND ECONOMIC ASPECTS OF BOOK CONSUMPTION IN THE EUROPEAN UNION”

DOUBLE JEOPARDY – MORE FLEXIBLE SUBSCRIPTION TICKETS AND HIGHER TICKET PRICES

By Jeffrey Pompe, Lawrence Tamburri and Johnathan Munn

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Symphony orchestras have increasingly relied on flexible ticket subscriptions and higher ticket prices for revenue generation. We found that relying on flexible ticket subscriptions may decrease total ticket sales. We discuss how more flexible subscription sales combined with higher ticket prices can have deleterious effects on symphony orchestra finances.

Continue reading “DOUBLE JEOPARDY – MORE FLEXIBLE SUBSCRIPTION TICKETS AND HIGHER TICKET PRICES”

MORE THAN PLAYER SKILLS: VARIETY IN THE VIDEO GAME INDUSTRY

By Daniel Kaimann, Nadja Stroh-Maraun and Joe Cox

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Consumers value variety, also in videogames. We find greater video game engagement when both skills and variety preference are considered to match gamers in teams. We also find that too much variety can lead to disengagement.   Continue reading “MORE THAN PLAYER SKILLS: VARIETY IN THE VIDEO GAME INDUSTRY”

CHANGING FUNDERS, CHANGING VALUES? EVIDENCE ON CROWDFUNDING IN THE NETHERLANDS

By Quirijn L. van den Hoogen

 

What happens to art worlds when funding mechanisms change? The Dutch case is of particular interest as the national government cut around 25% of the national cultural budget in 2013. This was legitimized by arguing that the cultural sector was ‘over-reliant on public funding’, pointing to crowdfunding as an alternative to state funding. But, what happens when the government relies on ‘the wisdom of the crowd’ rather than decisions of experts from the cultural sector?

Continue reading “CHANGING FUNDERS, CHANGING VALUES? EVIDENCE ON CROWDFUNDING IN THE NETHERLANDS”

UNFORESEEN CONSEQUENCES OF GOVERNMENT BUDGET CUTS TO PUBLIC LIBRARIES

By Amir Borges Ferreira Neto

Recent pressure to reduce public budgets have been affecting public libraries all across the US. Such government budget cuts make other components of a library’s revenue, namely, donations from private individuals and grants, relatively more important. In our study, we show that every dollar spent by local, state and federal governments is correlated with a significant increase in donations. Therefore, policy-makers should be cautious when cutting funds from public entities, especially from cultural-type entities such as public libraries. Continue reading “UNFORESEEN CONSEQUENCES OF GOVERNMENT BUDGET CUTS TO PUBLIC LIBRARIES”

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