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THE CHANGING SOCIAL ECONOMY OF ART, ARE THE ARTS BECOMING LESS EXCLUSIVE?

By Hans Abbing

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Respect for art is high, also among those who do not consume serious art, though subsidy cuts testify of a decreasing respect for the “serious arts”. In spite of cuts, the so-called “excellent art”, like the very costly performances of certain high-end opera companies, continues to receive much public support —support of which almost exclusively well-to-do people profit. The performances are sometimes innovative, but not more than most of the less costly performances.

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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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EconomistsTalkArt.org goes on vacation

By The Editorial

EconomistsTalkArt.org has selected bi-weekly posts for the past four years for you to read leading research in cultural economics and related areas, including tax law, policy, and management. At Economists Talk Art you can find 84 posts covering the art market, book publishing, cultural and creative industries, heritage, film, museums, music and the performing arts. Posts discuss the business of arts, competition, participation, entrepreneurship, cultural diplomacy, and impact from all parts of the world. Is there a topic you miss? Is there an article you want to recommend? Do feel free to contact us with your ideas.

In accordance with the academic cycle, we will be on vacation until the next posts on 3 September 2019. We wish you a summer filled with cultural economics readings and, most of all, a lot of fun.

With best wishes,

The Editorial Team.

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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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