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Econometric Studies

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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MAKING CULTURE CAPITAL: EVALUATING THREE DECADES OF THE EUROPEAN CAPITAL OF CULTURE

By Pedro Gomes and Alejandro Librero-Cano

We measure the regional impact of the European Capital of Culture programme using a difference-in-differences approach. GDP per capita in hosting regions is 4.5 % higher compared to non-hosting regions during the event, and the effect persists more than 5 years after it. This result suggests that the economic dimension of the event is important and supports claims that the event serves as catalyst for urban regeneration and development.

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DONOR GOVERNANCE AND FINANCIAL MANAGEMENT IN PROMINENT US ART MUSEUMS

By David Yermack

In the article, we study “donor governance”, which occurs when contributors to nonprofit firms place restrictions on their gifts to limit the discretion of managers. In a study of US art museums, we find that when donor restrictions are strong, museums shift their cost structures away from administration and toward program services. Restricted donations also appear to stabilize nonprofits, but reduce management flexibility.

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DOES THE LONG-TAIL BENEFIT SMALL PUBLISHERS? EVIDENCE FROM THE FRENCH PUBLISHING INDUSTRY

By Stéphanie Peltier, Françoise Benhamou and Mamoudou Toure

Long tail

What does the long tail effect mean? In many industries, sales are concentrated on a few products in spite of the diversity of products available. The long-tail effect weakens the high level of concentration of sales. It compensates for a “winner-take-all” or a superstar phenomenon. But is there also a long-tail for small publishers?

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TOURISTS AND MUSEUMS: WHEN LEISURE BECOMES LEARNING

By Juan Gabriel Brida, Chiara Dalle Nogare and Raffaele Scuderi

Are museums successful in their mission to disseminate culture, and as such, to be means for learning in the era of iconic consumption? Our findings seem to suggest that they can be places where informal learning occurs also for leisure-motivated tourists.

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FOR MUSEUMS, WITH RAIN COME CROWDS?

By Harold E. Cuffe

Weather is regarded as an important determinant of leisure choices, yet little attention has been paid to the ways that weather affects museum attendance. I find that rainfall generally increases attendance at a large national museum, on average. However, closer scrutiny of the data shows that weather can possess both encouraging and discouraging effects on attendance, depending upon the timing and persistence of the rain.

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