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  1. Parental investment and the intergenerational transmission of economic preferences and attitudes
    Autor*in: Zumbuehl, Maria; Dohmen, Thomas; Pfann, Gerard A.
    Erschienen: 2013
    Verlag:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  2. Knocking on hell's door
    dismantling hate with cultural consumption
    Autor*in: Denti, Daria; Crociata, Alessandro; Faggian, Alessandra
    Erschienen: [2021]
    Verlag:  Utrecht University, Human Geography and Planning, [Utrecht]

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    Schriftenreihe: Papers in evolutionary economic geography ; # 21, 31
    Schlagworte: hate; discontent; cultural economics; spillovers; social capital
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  3. Art in times of crisis
    Autor*in: David, Géraldine; Li, Yuexin; Oosterlinck, Kim; Renneboog, Luc
    Erschienen: 23 September 2021
    Verlag:  CentER, Center for Economic Research, Tilburg

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    Schriftenreihe: Discussion paper / CentER, Center for Economic Research ; no. 2021, 026
    Schlagworte: art markets; art price; auction; monetary policy; systemic risk; political risk,wars; financial distress; inflation; cultural economics; economic history
    Umfang: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  4. Art in times of crisis
    Autor*in: David, Géraldine; Li, Yuexin; Oosterlinck, Kim; Renneboog, Luc
    Erschienen: 23 September 2021
    Verlag:  Centre for Economic Policy Research, London

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    Schriftenreihe: Array ; DP16575
    Schlagworte: art markets; wars; Crises; cultural economics; economic history
    Umfang: 1 Online-Ressource (circa 74 Seiten), Illustrationen
  5. Mitopeia do empreendedor: narrativa de um mito capitalista
    Autor*in: Almeida, Rafael Galvão de
    Erschienen: junho de 2021
    Verlag:  UFMG/Cedeplar, Belo Horizonte

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    Schriftenreihe: Texto para discussão / UFMG, Cedeplar ; no 633
    Schlagworte: entrepreneurship; mythology; history of entrepreneurship; heroes; cultural economics; critical theory of entrepreneurship
    Umfang: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  6. The economic incentives of cultural transmission: spatial evidence from naming patterns across France
    Autor*in: Algan, Yann; Malgouyres, Clément; Mayer, Thierry; Thoenig, Mathias
    Erschienen: June 2021
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper studies how economic incentives influence cultural transmission, using a crucial expression of cultural identity: Child naming decisions. Our focus is on Arabic versus Non-Arabic names given in France over the 2003-2007 period. Our model... mehr

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    This paper studies how economic incentives influence cultural transmission, using a crucial expression of cultural identity: Child naming decisions. Our focus is on Arabic versus Non-Arabic names given in France over the 2003-2007 period. Our model of cultural transmission features three determinants: (i) vertical (parental) cultural transmission culture; (ii) horizontal (neighborhood) influence; (iii) information on the economic penalty associated with Arabic names. We find that economic incentives largely influence naming choices: Would the parental expectation on the economic penalty be zero, the annual number of babies born with an Arabic name would be more than 50 percent larger.

     
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    Weitere Identifier:
    hdl: 10419/236507
    Schriftenreihe: Discussion paper series / IZA ; no. 14476
    Schlagworte: Kinder; Interkulturelle Beziehungen; Arabisch; Soziale Integration; Anreiz; Frankreich; Namensgebung; cultural economics; cultural transmission; first names; social interactions
    Umfang: 1 Online-Ressource (circa 82 Seiten), Illustrationen
  7. Data (r)evolution - the economics of algorithmic search and recommender services
    Autor*in: Budzinski, Oliver; Gänßle, Sophia; Lindstädt-Dreusicke, Nadine
    Erschienen: January 2021
    Verlag:  Ilmenau University of Technology, Institute of Economics, Ilmenau ; Universitätsbibliothek

    The paper analyses the economics behind algorithmic search and recommender services, based upon personalized user data. Such services play a paramount role for online services such as marketplaces (e.g. Amazon), audio streaming (e.g. Spotify), video... mehr

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    Universitätsbibliothek Ilmenau
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    Thüringer Universitäts- und Landesbibliothek
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    The paper analyses the economics behind algorithmic search and recommender services, based upon personalized user data. Such services play a paramount role for online services such as marketplaces (e.g. Amazon), audio streaming (e.g. Spotify), video streaming (e.g. Netflix, YouTube), app stores, social networks (e.g. Instagram, Tik Tok, Facebook, Twitter) and many more. We start with a systematic analysis of search and recommendation services as a commercial good, highlighting the changes to these services by the systematic use of algorithms. Then we discuss benefits and risk for welfare arising from the widespread employment of algorithmic search and recommendation systems. In doing so, we summarize the existing economics literature and go beyond its insights, including highlighting further research desires. Eventually, we derive regulatory and managerial implications drawing on the current state of academic knowledge.

     
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    hdl: 10419/228752
    Schriftenreihe: Ilmenau economics discussion papers ; vol. 27, no. 148
    Schlagworte: algorithmic search and recommender services; data economics; media economics; internet economics; digital economy; cultural economics; competition; antitrust; industry regulation; digital business ecosystems
    Umfang: 1 Online-Ressource (33 Seiten)
  8. Pricing art and the art of pricing
    on returns and risk in art auction markets
    Autor*in: Li, Yuexin; Ma, Marshall; Renneboog, Luc
    Erschienen: 19 July 2021
    Verlag:  CentER, Center for Economic Research, Tilburg

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    Schriftenreihe: Discussion paper / CentER, Center for Economic Research ; no. 2021, 018
    Schlagworte: auction; art investment; alternative investments; cultural economics; hedonicpricing model; repeat sales model; portfolio optimization
    Umfang: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  9. Financial returns to collecting rare political economy books
    Autor*in: Ursprung, Heinrich W.
    Erschienen: February 2021
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of... mehr

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    Rare books of political economy are eminently collectable. Using historical prices, I employ hedonic regressions to estimate financial returns to collecting the works of ten eminent political economists and develop a price index for this corpus of collectables. For the observation period 1975-2019, I find that in those 45 years investing in rare political economy books yielded an average annual real rate of return of 2.8%, which is well in line with the returns to collecting rare books of classical literature. Compared with other collectibles such as fine art, investing in rare books turns out to be financially more profitable.

     
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    hdl: 10419/235280
    Schriftenreihe: CESifo working paper ; no. 8910 (2021)
    Schlagworte: rare books; political economy; price indices; collectibles; cultural economics; history of economic thought
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  10. Cultural institutions and digital innovation
    is cultural tourism becoming obsolete?
    Autor*in: Salustri, Andrea; Cocco, Valeria
    Erschienen: 2021
    Verlag:  Sapienza Università di Roma, Dipartimento di studi giuridici, filosofici ed economici, Istituto di economia e finanza, [Rom]

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    Schriftenreihe: Public finance research papers ; n. 47
    Schlagworte: cultural economics; museums services; cyber tourism
    Umfang: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  11. Famous after death
    the effect of a writer's death on book sales
    Autor*in: Ponzo, Michela; Scoppa, Vincenzo
    Erschienen: August 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if... mehr

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    In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if - in contrast to the standard model - the death of a writer has an impact on demand for his/her books, that is, we ask if consumers are affected by factors such as emotions and limited attention, as highlighted in behavioral economics. We use bestseller lists at week level for about 30 years (1975-2005) and through a Regression Discontinuity Design we evaluate the impact of a writer's death on the probability of entering in the bestseller list in the period immediately following his/her death. Controlling for age, gender, literary prizes, publishers' relevance and time dummies we find that a writer's death increases the probability of being in the bestseller list of more than 100%. Using a non-parametric RD approach we find very similar results. A number of robustness checks - changing the time window around the death, the estimation method, the outcome variable, the sample used - confirm our findings. In the attempt to investigate which mechanism drives consumers' decisions, we find a much greater impact for writers dying at an early age, for more famous writers and when the news is covered more extensively, suggesting that emotions and media attention are the main drivers of the impact.

     
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    hdl: 10419/265722
    Schriftenreihe: Discussion paper series / IZA ; no. 15501
    Schlagworte: book sales; writer's death; emotions; limited attention; salience; cultural economics; behavioral economics
    Umfang: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  12. Understanding prices at art auctions
    a conceptual framework for the auction price mechanism
    Autor*in: Noll, Laura
    Erschienen: 2022

    Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest... mehr

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    Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest in art, understanding of auction prices is limited. Price intransparency is exacerbated by contrasting approaches in theory and practice: Theory is dominated by quantitative studies that measure the effects of individual factors that determine prices. The literature body is broad but interdisciplinary and fragmented. Practice emphasizes the inadequacy of quantification. Instead, valuation relies on artwork-related characteristics and reference prices. To date, there is no comprehensive theory of auction prices that combines both perspectives. To fill this gap, the author conducts three studies: A systematic literature review (Study 1) of 100 high-impact journal articles summarizes the (quantitative) knowledge on price determinants. Eleven in- depth expert interviews (Study 2) clarify how these determinants and other factors that are unquantifiable or difficult to quantify influence prices. Two digital focus groups (Study 3) resolve remaining ambiguities between theory and practice and elucidate the role of marketing for auction prices. The result is a conceptual framework for the auction price mechanism that accounts for quantifiable and unquantifiable or difficult-to-quantify factors and reveals the underlying dynamics of the art market. The thesis is of high theoretical and practical relevance: It provides an empirical basis for valuation and price explanation. On this basis, it points to promising avenues for future research in various disciplines and suggests practical implications for different stakeholders in the art market. Beyond the art market, this thesis inspires marketing and pricing in other industries.

     
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    Sprache: Englisch
    Medientyp: Dissertation
    Format: Online
    Weitere Identifier:
    5238
    Schlagworte: Kunst; Kunstmarkt; Kunstauktion; Auktion; Wert; Preis; Marktmechanismus; Preispolitik; Marketing; Kulturwirtschaft; marketing; art auction; price mechanism; Preismanagement; auction; price management; art economics; Art; value; art market; cultural economics; Preismechanismus; price; Kulturökonomie
    Umfang: 1 Online-Ressource (circa 219 Seiten), Illustrationen
    Bemerkung(en):

    Dissertation, University of St.Gallen, 2020
  13. Disentangling individual biases in jury voting
    an empirical analysis of voting behavior in the Eurovision Song Contest
    Autor*in: Budzinski, Oliver; Gänßle, Sophia; Weimar, Daniel
    Erschienen: January 2023
    Verlag:  Ilmenau University of Technology, Institute of Economics, Ilmenau ; Universitätsbibliothek

    The Eurovision Song Contest is one of the worldwide biggest live media events and the world’s leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of... mehr

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    The Eurovision Song Contest is one of the worldwide biggest live media events and the world’s leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of artists) to the contest and both expert juries and the television audience of all participating countries vote in a special ranking and points system to determine the eventual winner. A substantial list of cultural economics papers empirically analyzed the voting behavior of juries (consisting of music industry professionals) and audiences to identify voting biases because of cultural and political influences on the voting bodies. Due to limited data availability, this literature suffered from having to treat the national juries as a black box even though they are composed of individuals with different demographic characteristics (age, gender, etc.) and expert backgrounds (industry managers, musicians, composers, music journalists, etc.). Our analysis benefits from utilizing new data about each individual member of the jury including their role within the jury (e.g., the chairperson) as well as about their individual votes in the ESC. Therefore, for the first time, we can disentangle the voting behavior of the juries and track the voting behavior of individual jury members. Based upon a rich dataset including personal characteristics (gender, age, career/professional background, nationality, cultural heritage, etc.) of both jury members (voters) and performing artists in the contest (voting objects), we analyze whether the increasing similarity between voter (jury member) and voting object (contest performer) correlates with upward biases in terms of awarded points. In doing so, we employ the concept of Mahalanobis distance to measure similarity and employ modern econometric regression methods to derive our results. Inter alia, we identify conditions under which the similarity of jury members with contestants leads to a pro-bias in voting (across different countries). Interestingly, the professional background of jury members also significantly influences the individual voting bias, for instance, experts with classical music backgrounds display significantly less bias than presenters of radio or television programs or music journalists. Altogether, our analysis allows us to look beyond the hitherto dominating “country X is biased for/against country Y” conclusions and track voting biases on an individual level, based on personal characteristics.

     
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    hdl: 10419/268669
    RVK Klassifikation: QC 000 ; QR 750
    Schriftenreihe: Ilmenau economics discussion papers ; vol. 28, no. 171
    Schlagworte: voting bias; jury voting; Eurovision Song Contest; media economics; cultural economics
    Umfang: 1 Online-Ressource (24 Seiten), Diagramme, Illustrationen
  14. Colors, emotions, and the auction value of paintings
    Autor*in: Ma, Marshall; Noussair, Charles; Renneboog, Luc
    Erschienen: 21 February 2019
    Verlag:  CentER, Center for Economic Research, Tilburg

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    Schriftenreihe: Discussion paper / CentER, Center for Economic Research ; no. 2019, 006
    Schlagworte: Emotion; auction; art investment; cultural economics
    Umfang: 1 Online-Ressource (circa 73 Seiten), Illustrationen