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EconomistsTalkArt.org

Research-based policy analysis and commentary

CULTURAL DIPLOMACY: ARM’S LENGTH STRATEGIES UNDER THE MICROSCOPE

By Kalliopi Fouseki and Dimitra Kizlari

Cultural diplomacy has been steadily gaining momentum the past decade in EU policy-making circles. Despite genuine efforts to build a common strategy, the member-states still have a long way as their individual differences in managing cultural relations present striking variance.

Continue reading “CULTURAL DIPLOMACY: ARM’S LENGTH STRATEGIES UNDER THE MICROSCOPE”

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TWO INFORMATION AGGREGATION MECHANISMS FOR PREDICTING THE OPENING WEEKEND BOX OFFICE REVENUES OF FILMS

By David Court, Benjamin Gillen, Jordi McKenzie and Charles R. Plott

Many entertainment and, more generally, cultural products are characterised by significant levels of uncertainty regarding their ultimate appeal to consumers. This is perhaps no place better observed than in the theatrical film industry, where the famous ‘nobody knows anything’ quote of William Goldman has often been used to support this idea. We present two aggregation mechanisms to predict the opening weekend box office success of films and show they are able to provide useful predictions of box office revenues. Continue reading “TWO INFORMATION AGGREGATION MECHANISMS FOR PREDICTING THE OPENING WEEKEND BOX OFFICE REVENUES OF FILMS”

ARE THEY ALL THE SAME? A CASE STUDY OF THREE AUSTRALIAN INDIGENOUS ARTISTS

By Lisa Farrell, Jane M. Fry and Tim R.L. Fry

Many studies of art auctions assume that a single statistical model using observed characteristics relating to the artwork and the auction can explain the observed variation in the sample of all artworks and artists. We show that such “pooling” is not always appropriate and may lead to erroneous conclusions.

Continue reading “ARE THEY ALL THE SAME? A CASE STUDY OF THREE AUSTRALIAN INDIGENOUS ARTISTS”

EconomistsTalkArt.org wishes you happy holidays and a great new year 2018!

By The Editorial Team

The Editorial Team of EconomistsTalkArt.org wishes you a happy start into the New Year! The blog, which started as an initiative of the nights of EWACE in Vienna 2015, has become one of the central dissemination tools of the work of cultural economists around the world. In the two years of our existence we have been visited by more than 25,000 times by 15,000 visitors from almost all countries of the world.

We sincerely hope the New Year will continue providing you with the pleasure of reading posts written by leading authors in cultural economics!

With best wishes,

Andrej, Cedric, Karol, Marilena and Trilce

MUSEUMS SELLING ART: LA LIAISON DANGEREUSE BETWEEN DEACCESSIONS AND DONATIONS

By Luigi Di Gaetano and Isidoro Mazza

Economic downturns and policy reversals have caused a shortage of public and private funding for many museums. Museums in dire straits have therefore considered deaccessioning part of their collection. The question whether deaccessions could be a viable, although exceptional, option continues to ignite a lively debate and a fierce opposition by museum associations around the world fearing that deaccessioning would send a bad signal to donors. The study investigates this hypothesis using a game theory approach.

Continue reading “MUSEUMS SELLING ART: LA LIAISON DANGEREUSE BETWEEN DEACCESSIONS AND DONATIONS”

THE ENTREPRENEURIAL ARTIST: THE SAME, OR DIFFERENT, THAN OTHER NON-ARTIST ENTREPRENEURS?

By Joanna Woronkowicz and Douglas Noonan

Jiří_Kubový

Why do workers earning wages or salaries decide to become self-employed, and are artists like other professionals in this regard?  Artists “go freelance” more than other professionals, especially during the Great Recession.  Freelancing artists resemble other professional “independent contractors,” but differ involving education, urban locations, and families.

Continue reading “THE ENTREPRENEURIAL ARTIST: THE SAME, OR DIFFERENT, THAN OTHER NON-ARTIST ENTREPRENEURS?”

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