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Handbook of the Economics of Art and Culture
- 1st Edition, Volume 2 - September 16, 2013
- Editors: Victor A. Ginsburgh, David Throsby
- Language: English
- Hardback ISBN:9 7 8 - 0 - 4 4 4 - 5 3 7 7 6 - 8
- eBook ISBN:9 7 8 - 0 - 4 4 4 - 5 3 7 7 7 - 5
This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Bu… Read more
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Request a sales quoteThis volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Building bridges across disciplines such as management, art history, art philosophy, sociology, and law, editors Victor Ginsburgh and David Throsby assemble chapters that yield new perspectives on the supply and demand for artistic services, the contribution of the arts sector to the economy, and the roles that public policies play. With its focus on culture rather than the arts, Ginsburgh and Throsby bring new clarity and definition to this rapidly growing area.
- Presents coherent summaries of major research in art and culture, a field that is inherently difficult to characterize with finance tools and concepts
- Offers a rigorous description that avoids common problems associated with art and culture scholarship
- Makes details about the economics of art and culture accessible to scholars in fields outside economics
Graduate students and professors worldwide working in all subdisciplines of economics and finance.
Introduction to the Series
Contributors
Acknowledgments
Chapter 1. Introduction and Overview
1.1 Introduction
1.2 Value and Evaluation in Art and Culture
1.3 Demand, Consumption, and Investment
1.4 Innovation and Technological Change
1.5 Trade, Development, and Cultural Diversity
1.6 Broader Cultural Issues
1.7 Conclusion
References
PART I: Value and evaluation in art and culture
Chapter 2. Creative Genius in Literature, Music, and the Visual Arts
Abstract
2.1 Introduction
2.2 Achieved Eminence
2.3 Individual Attributes
2.4 Lifespan Development
2.5 Social Processes
2.6 Conclusion
References
Chapter 3. Contemporary Experimental Aesthetics: Procedures and Findings
Abstract
3.1 Introduction
3.2 An Artwork as Stimulus
3.3 Processes Underlying an Aesthetic Experience with Visual Art
3.4 The Viewer’s Contribution to an Aesthetic Experience
3.5 The Art Museum as Laboratory
3.6 Conclusion
References
Chapter 4. The Economic and Cultural Value of Paintings: Some Empirical Evidence
Abstract
4.1 Introduction
4.2 Hypotheses
4.3 Data and Method
4.4 Results
4.5 Conclusion
Acknowledgments
References
Chapter 5. Values of Music
Abstract
5.1 Introduction
5.2 Preliminary Distinctions
5.3 Music’s Value for Listener, Performer, And Composer
5.4 Manners of Musical Value
5.5 The Centrality of Music in Human Life
5.6 The Artistic Value of Music
5.7 Music’s Extra-Artistic Value
5.8 Music’s Aesthetic Value
5.9 Music’s Symbolic Value
5.10 Music’s Self-Affirmation Value
5.11 Music’s Social Value
5.12 Music’s Idiosyncratic Value
5.13 Music’s Mood-Enhancement Value
5.14 Music’s Accompaniment Value
Appendix
References
Chapter 6. The Economics of Cultural Awards
Abstract
6.1 Introduction
6.2 Prizes and Commerce
6.3 Prizes and Prestige
6.4 Conclusion
References
Chapter 7. The Use of Stated Preference Methods to Value Cultural Heritage
Abstract
7.1 Introduction
7.2 Contingent Valuation Methods
7.3 Choice Experiments
7.4 Discrete Choice Experiment Models
7.5 Estimating Price from Choice Experiments
7.6 Enhancing Choice Experiment Models
7.7 Conclusions
References
PART II: Demand, consumption and investment
Chapter 8. Bestsellers and Blockbusters: Movies, Music, and Books
Abstract
8.1 Introduction
8.2 Conceptual Models: Bestsellers and Blockbusters
8.3 Empirical Models: Bestsellers and Blockbusters
8.4 A Selective Survey of Empirical Findings
8.5 Conclusions: Some Interesting Issues for Further Research
References
Chapter 9. New Technologies and Cultural Consumption
Abstract
9.1 Introduction
9.2 New Technology Changes Relative Price
9.3 New Technology Increases Variety
9.4 New Technology Induces New Preferences
9.5 Conclusion
References
Chapter 10. Investment in Visual Art: Evidence from International Transactions
Abstract
10.1 Introduction
10.2 Testable Implications of International Art Sales
10.3 Real Exports of Paintings, Prints, and Sculptures
10.4 The Correlation Between Exports of Artworks, Consumer Goods, and Capital Goods
10.5 Art Trade and Permanent Income
10.6 Concluding Remarks
Acknowledgments
Appendix
References
PART III: Innovation and technological change
Chapter 11. Cultural Innovation by Cultural Organizations
Abstract
11.1 Introduction
11.2 The Determinants of Cultural Innovation by Cultural Organizations
11.3 Conclusion: Summary and Future Research
References
Chapter 12. Digitization, Copyright, and the Flow of New Music Products
Abstract
12.1 Introduction
12.2 Framework
12.3 Effects on Demand and Their Documentation
12.4 Revenue Reduction and Cost Reduction
12.5 Quantity Evidence
12.6 Direct Quantity Evidence on the Service Flow of New Products
12.7 Explaining Increased Quality
12.8 Conclusion
References
Chapter 13. The Pricing of Art and the Art of Pricing: Pricing Styles in the Concert Industry
Abstract
13.1 Introduction
13.2 The Live Event Industry: Facts, Literature Review, and Open Questions
13.3 Data and Summary Statistics
13.4 Price Discrimination: Measurement Issues
13.5 Price Discrimination at the Concert Level
13.6 Price Discrimination at the Artist Level
13.7 Identifying Artists’ Pricing Styles
13.8 Candidate Explanation for the Use of Price Discrimination
13.9 Exploitation of Market Power
13.10 Discussion
13.11 Overview and Future Research
Acknowledgments
References
Chapter 14. Media Ownership: Diversity Versus Efficiency in a Changing Technological Environment
Abstract
14.1 Introduction
14.2 The Effects of Changing Technology
14.3 Concentrated Ownership and Economic Performance
14.4 Sociocultural Implications of Media Ownership
14.5 Media Ownership and Public Policy
14.6 Conclusions
References
PART IV: Trade, development, and cultural diversity
Chapter 15. Cultural Products in the International Trading System
Abstract
15.1 Introduction
15.2 The Debate on Trade and Culture
15.3 International Trade in Cultural Goods and Services: a Survey of Theoretical Models and Empirical Studies
15.4 Should the Cultural Sector be Protected From International Integration? Normative Issues at the National Level
15.5 The Global Governance of Cultural Policies: Normative Issues at the International Level
15.6 Conclusions and Suggestions for Future Research
Acknowledgments
References
Chapter 16. Cultural Diversity, Copyright, and International Trade
Abstract
16.1 Introduction
16.2 Cultural Diversity as a Concept in International Law?
16.3 The Concept of ‘Culture’
16.4 Copyright and Culture
16.5 Copyright as Part of the Trips Agreement
16.6 The Rest of the WTO
16.7 The Rights Clash?
References
Chapter 17. Trade and Cultural Diversity
Abstract
17.1 Introduction
17.2 Theoretical Perspectives on International Trade and Cultural Diversity
17.3 Dynamic Cultural Transmission Models
17.4 Cultural Transmission and Competitive Economic Exchange
17.5 Factor Endowments, Trade, and Cultural Convergence
17.6 Group Consumption Externalities and Cultural Divergence
17.7 Increasing Returns, Market size effects, and Cultural Dynamics
17.8 Conclusions
References
Chapter 18. Cultural Diversity, Conflict, and Economic Development
Abstract
18.1 Introduction
18.2 Measuring Ethnic Heterogeneity
18.3 Ethnic Diversity and Economic Outcomes
18.4 Heterogeneity and Conflict
18.5 Conclusions
Acknowledgments
References
Chapter 19. Culture, Linguistic Diversity, and Economics
Abstract
19.1 Introduction
19.2 Linguistic Diversity and Fractionalization
19.3 Standardization
19.4 Disenfranchisement
19.5 Concluding Remarks
Acknowledgments
References
PART V: Broader cultural issues
Chapter 20. National Culture as Value Orientations: Consequences of Value Differences and Cultural Distance
Abstract
20.1 Cultural Value Orientations to Characterize Societies
20.2 Mapping Cultural Differences Around the World
20.3 Comparison with the Hofstede and Inglehart Dimensions
20.4 Cultural Value Orientations and Economically Significant Variables
20.5 Conclusions
Acknowledgments
Appendix
References
Chapter 21. Religion, Culture, and Development
Abstract
21.1 Introduction
21.2 The Effect of Religion on Individual Behavior
21.3 The Role of Religion as a Response to Market or State Imperfections
21.4 Market Structure Models: The Effect of Competition on Religion
21.5 The State as a Strategic Actor: A Political Economics Approach
21.6 Conclusion
References
Chapter 22. Strategic Interactions Between Modern Law and Custom
Abstract
22.1 Introduction
22.2 The Effect of Legal Reform on Customary Practices: An Overview of Economic Theories
22.3 Radical or Moderate Legal Reforms?
22.4 Two Insightful Case Studies
22.5 Conclusion
References
Index
- No. of pages: 704
- Language: English
- Edition: 1
- Volume: 2
- Published: September 16, 2013
- Imprint: North Holland
- Hardback ISBN: 9780444537768
- eBook ISBN: 9780444537775
VG
Victor A. Ginsburgh
Affiliations and expertise
Université Libre de Bruxelles, Brussels, BelgiumDT
David Throsby
Affiliations and expertise
Department of Economics, Macquarie University, Sydney, NSW, AustraliaRead Handbook of the Economics of Art and Culture on ScienceDirect