Home

DATA-DRIVEN CULTURE, ARTIFICIAL INTELLIGENCE AND MACHINE CREATIVITY

By Christian Peukert

Digitization has made a large impact on the cultural industries in the past 20 years. With a new wave of technologies arriving, it will be important to understand the economic implications of data and artificial intelligence that complements, or perhaps substitutes for human creativity with regards to cultural participation, copyright and the industrial organization of culture.

Continue reading “DATA-DRIVEN CULTURE, ARTIFICIAL INTELLIGENCE AND MACHINE CREATIVITY”

CULTURAL PROXIMITY MATTERS IN TIMES OF CRISIS

By Maria Masood Dechevrens and Céline Carrère

While the positive effect of sharing common cultural traits on bilateral trade flows has been abundantly confirmed in empirical trade analyses, the role of cultural proximity in times of crisis has been uncovered for the first time in an economic article recently published.

Continue reading “CULTURAL PROXIMITY MATTERS IN TIMES OF CRISIS”

EconomistsTalkArt.org wishes you happy holidays and a great new year 2019!

By The Editorial Team

The Editorial Team of EconomistsTalkArt.org wishes you a happy start into the New Year! The blog started as an initiative of four young scholars in 2015. In November, the blog has been celebrating its third birthday and ends the year with another set of record numbers: 8000+ recurring visitors, 17000+ views in 2018, 25 articles per year.

The blog is today one of the central dissemination tools of the work of cultural economists around 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,

Editorial Team: Cedric, Christiane, Trilce and Andrej.

IS THERE A ROLE FOR THE ARTIST IN THE FORMATION OF VALUE?

By Francesco Angelini and Massimiliano Castellani

The art market literature is still lacking a detailed analysis of the artist’s role in the formation process of artworks’ value. In order to improve the understanding of this process, we discuss what value is, how it is studied, and how it is ultimately influenced by the artist.

Continue reading “IS THERE A ROLE FOR THE ARTIST IN THE FORMATION OF VALUE?”

MACHINE LEARNING TO UNCOVER DIFFERENCES IN WILLINGNESS-TO-PAY FOR THEATRE TICKETS

By Alina Ozhegova and Evgeniy M. Ozhegov

Estimation of willingness-to-pay (WTP) is widely spread approach in economics and marketing for problems of optimal pricing and measuring of product value for a customer. Machine learning approaches may help to estimate a range of WTP for theatre tickets and explain main sources of audience heterogeneity in estimates of WTP.

Continue reading “MACHINE LEARNING TO UNCOVER DIFFERENCES IN WILLINGNESS-TO-PAY FOR THEATRE TICKETS”

CONSUMER AND EXPERT REVIEWS EFFECTS ON THE LENGTH OF TIME A FILM IS KEPT ON SCREENS

By Thaís Luiza Donega e Souza, Marislei Nishijima and Ana Cláudia Polato e Fava

We evaluate the effect of critical reviews by consumers and experts on a film’s running time at movie theaters in the United States. In addition to the usual expert critics’ reviews, we employ the consumer reviews rating and their affectivity about films as a measure for the consumer influence effect. We find evidence of consumer rating matter in keeping a film running longer at the theaters, but experts’ ratings have a larger influence on the movie market as a whole.

Continue reading “CONSUMER AND EXPERT REVIEWS EFFECTS ON THE LENGTH OF TIME A FILM IS KEPT ON SCREENS”

Blog at WordPress.com.

Up ↑

%d bloggers like this: