Paperback
Handbook of Cultural Economics, Third Edition
3rd edition
9781803924601 Edward Elgar Publishing
Cultural economics has become well established as a subject of interest for students and teachers of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitisation has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.
More Information
Critical Acclaim
Contributors
Contents
More Information
Cultural economics has become well established as a subject of interest for students and instructors of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitization has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.
The Handbook of Cultural Economics is an acknowledged leading source for students, teachers and others interested in finding out about the subject. Cultural economics covers a wide range of topics and they are reflected in the many short and accessibly written chapters. Each chapter is written by a specialist in the subject and offers both suggestions for further reading and cross-references to other related chapters in the book. It therefore combines accessibility with depth of knowledge. The intention of the book is to introduce the reader to the various topics and to testify to the strength of economics in explaining the economic aspects of the world of the arts and creative industries. The third edition demonstrates the huge impact that digitization has had on production and consumption in the sector.
While being accessible to any reader with a basic knowledge of economics, it presents a comprehensive study at the forefront of the field for students and teachers of economics, business economics, creative industries, and media and arts administration as well as for policy-makers.
The Handbook of Cultural Economics is an acknowledged leading source for students, teachers and others interested in finding out about the subject. Cultural economics covers a wide range of topics and they are reflected in the many short and accessibly written chapters. Each chapter is written by a specialist in the subject and offers both suggestions for further reading and cross-references to other related chapters in the book. It therefore combines accessibility with depth of knowledge. The intention of the book is to introduce the reader to the various topics and to testify to the strength of economics in explaining the economic aspects of the world of the arts and creative industries. The third edition demonstrates the huge impact that digitization has had on production and consumption in the sector.
While being accessible to any reader with a basic knowledge of economics, it presents a comprehensive study at the forefront of the field for students and teachers of economics, business economics, creative industries, and media and arts administration as well as for policy-makers.
Critical Acclaim
‘Ruth Towse and Trilce Navarrete Hernández are leading lights in cultural economics, and the third edition of the Handbook of Cultural Economics once again is the go-to source for research and wisdom in this area of research, impressive for both its depth and breadth.’
– Tyler Cowen, George Mason University, US
– Tyler Cowen, George Mason University, US
Contributors
Contributors: O. Ashenfelter, V. Ateca Amestoy, M. Bacache-Beauvallet, W.J. Baumol, P. Belleflamme, P.J. Benghozi, F. Benhamou, T. Bille, M. Blaug, K.J. Borowiecki, M. Bourreau, S. Cameron, D.C. Chisholm, F. Colbert, T. Cuccia, C. Dalla Chiesa, J. Denis, P. Di Caro, L. Di Gaetano, G. Doyle, J. Farchy, V. Fernandez-Blanco, B.S. Frey, O. Gergaud, V. Ginsburgh, M. Gómez-Vega, K. Graddy, A.L. Haddida, C. Handke, L.C. Herrero-Prieto, M. Hutter, W.M. Landes, M. Lavanga, Y.-H. Liu, I. Mazza, C. McAndrew, J. McKenzie, T. Navarrete Hernández, D. Netzer, J.W. O’Hagan, T. Orme, M. Peitz, J. Prieto-Rodriguez, H. Ranaivoson, I. Rizzo, M. Rushton, G.G. Schulze, B.A. Seaman, S.Y. Shin, J.D. Snowball, D. Throsby, R. Towse, O. Velthuis, R. Watt, G. Withers, M. Zieba
Contents
Contents:
Preface xi
Introduction 1
Ruth Towse and Trilce Navarrete Hernández
1 Application of welfare economics to the arts 9
William J. Baumol
2 Art auctions 19
Orley Ashenfelter and Kathryn Graddy
3 Art dealers 29
Olav Velthuis
4 Artificial intelligence 38
Joëlle Farchy and Juliette Denis
5 Artists’ labour markets 46
Trine Bille
6 Artists’ resale rights 56
Victor Ginsburgh and Clare McAndrew
7 Artists’ rights 66
Michael Rushton
8 Broadcasting 72
Glenn Withers
9 Business models 82
Pierre-Jean Benghozi
10 Contingent valuation 95
Tiziana Cuccia
11 Contract theory and information goods 106
Richard Watt
12 Copyright 116
William M. Landes
13 Cost of production 129
Víctor Fernández-Blanco and Juan Prieto-Rodríguez
14 Creative industries 137
Ruth Towse
15 Creativity 145
Karol Jan Borowiecki
16 Criticism 154
Samuel Cameron
17 Crowdfunding 158
Carolina Dalla Chiesa and Christian Handke
18 Cultural capital 168
David Throsby
19 Cultural districts 174
Mariangela Lavanga
20 Cultural diversity 183
Heritiana Ranaivoson
21 Cultural entrepreneurship 192
Mark Blaug and Ruth Towse
22 Cultural statistics 197
David Throsby
23 Cultural value 206
Jen D. Snowball
24 Demand 216
Jordi McKenzie and Sunny Y. Shin
25 Digital piracy 228
Jordi McKenzie
26 Digitization in the cultural industries 235
Joel Waldfogel
27 Economic impact of the arts 241
Bruce A. Seaman
28 Event cinema 254
Allègre L. Hadida
29 Festivals 262
Bruno S. Frey
30 Google Trends data 266
Olivier Gergaud and Victor Ginsburgh
31 Heritage 279
Françoise Benhamou
32 Information goods 287
Michael Hutter
33 Intangible cultural heritage 294
Tiziana Cuccia
34 Intermediaries 304
Paolo Di Caro, Luigi Di Gaetano and Isidoro Mazza
35 International trade 311
Günther G. Schulze
36 Marketing the arts 320
François Colbert
37 Media economics and regulation 329
Gillian Doyle
38 Motion-picture industry 339
Darlene C. Chisholm and Yu-Hsi Liu
39 Museums 349
Víctor Fernández-Blanco and Juan Prieto-Rodríguez
40 Music industry 358
Christian Handke
41 Music publishing 371
Ruth Towse
42 Non-profit organizations 379
Dick Netzer (updated by Bruce A. Seaman)
43 Orchestras 392
Luis César Herrero-Prieto and Mafalda Gómez-Vega
44 Participation 399
Victoria Ateca-Amestoy
45 Performance indicators 408
Trilce Navarrete Hernández
46 Performing arts 415
Ruth Towse
47 Platforms 421
Maya Bacache-Beauvallet and Marc Bourreau
48 Political economy 430
Isidoro Mazza
49 Pricing the arts 441
Michael Rushton
50 Public support 449
Bruno S. Frey
Index
Preface xi
Introduction 1
Ruth Towse and Trilce Navarrete Hernández
1 Application of welfare economics to the arts 9
William J. Baumol
2 Art auctions 19
Orley Ashenfelter and Kathryn Graddy
3 Art dealers 29
Olav Velthuis
4 Artificial intelligence 38
Joëlle Farchy and Juliette Denis
5 Artists’ labour markets 46
Trine Bille
6 Artists’ resale rights 56
Victor Ginsburgh and Clare McAndrew
7 Artists’ rights 66
Michael Rushton
8 Broadcasting 72
Glenn Withers
9 Business models 82
Pierre-Jean Benghozi
10 Contingent valuation 95
Tiziana Cuccia
11 Contract theory and information goods 106
Richard Watt
12 Copyright 116
William M. Landes
13 Cost of production 129
Víctor Fernández-Blanco and Juan Prieto-Rodríguez
14 Creative industries 137
Ruth Towse
15 Creativity 145
Karol Jan Borowiecki
16 Criticism 154
Samuel Cameron
17 Crowdfunding 158
Carolina Dalla Chiesa and Christian Handke
18 Cultural capital 168
David Throsby
19 Cultural districts 174
Mariangela Lavanga
20 Cultural diversity 183
Heritiana Ranaivoson
21 Cultural entrepreneurship 192
Mark Blaug and Ruth Towse
22 Cultural statistics 197
David Throsby
23 Cultural value 206
Jen D. Snowball
24 Demand 216
Jordi McKenzie and Sunny Y. Shin
25 Digital piracy 228
Jordi McKenzie
26 Digitization in the cultural industries 235
Joel Waldfogel
27 Economic impact of the arts 241
Bruce A. Seaman
28 Event cinema 254
Allègre L. Hadida
29 Festivals 262
Bruno S. Frey
30 Google Trends data 266
Olivier Gergaud and Victor Ginsburgh
31 Heritage 279
Françoise Benhamou
32 Information goods 287
Michael Hutter
33 Intangible cultural heritage 294
Tiziana Cuccia
34 Intermediaries 304
Paolo Di Caro, Luigi Di Gaetano and Isidoro Mazza
35 International trade 311
Günther G. Schulze
36 Marketing the arts 320
François Colbert
37 Media economics and regulation 329
Gillian Doyle
38 Motion-picture industry 339
Darlene C. Chisholm and Yu-Hsi Liu
39 Museums 349
Víctor Fernández-Blanco and Juan Prieto-Rodríguez
40 Music industry 358
Christian Handke
41 Music publishing 371
Ruth Towse
42 Non-profit organizations 379
Dick Netzer (updated by Bruce A. Seaman)
43 Orchestras 392
Luis César Herrero-Prieto and Mafalda Gómez-Vega
44 Participation 399
Victoria Ateca-Amestoy
45 Performance indicators 408
Trilce Navarrete Hernández
46 Performing arts 415
Ruth Towse
47 Platforms 421
Maya Bacache-Beauvallet and Marc Bourreau
48 Political economy 430
Isidoro Mazza
49 Pricing the arts 441
Michael Rushton
50 Public support 449
Bruno S. Frey
Index
