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Economics of Art and Culture

E-BookPDF1 - PDF WatermarkE-Book
134 Seiten
Englisch
Springer International Publishingerschienen am30.03.20191st ed. 2019
This book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness. 




Bruno S. Frey is a Permanent Visiting Professor at the University of Basel and Research Director at CREMA - Center for Research in Economics, Management and the Arts, Zurich. He was previously a Professor at the Universities of Constance, Zurich, Chicago, Warwick and Friedrichshafen, and he has been awarded five honorary doctorates in five countries. Frey has published 23 books and more than 600 articles in scholarly journals.mehr
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Produkt

KlappentextThis book studies the relationship between the arts and the economy. By applying economic thinking to arts and culture, it analyses markets for art and cultural goods, highlights specific facets of art auctions and discusses determinants of the economic success of artists. The author also sheds new light on various cultural areas, such as the performing and visual arts, festivals, films, museums and cultural heritage. Lastly, the book discusses cultural policies, the role of the state in financing culture, and the relationship between the arts and happiness. 




Bruno S. Frey is a Permanent Visiting Professor at the University of Basel and Research Director at CREMA - Center for Research in Economics, Management and the Arts, Zurich. He was previously a Professor at the Universities of Constance, Zurich, Chicago, Warwick and Friedrichshafen, and he has been awarded five honorary doctorates in five countries. Frey has published 23 books and more than 600 articles in scholarly journals.
Details
Weitere ISBN/GTIN9783030157487
ProduktartE-Book
EinbandartE-Book
FormatPDF
Format Hinweis1 - PDF Watermark
FormatE107
Erscheinungsjahr2019
Erscheinungsdatum30.03.2019
Auflage1st ed. 2019
ReiheSpringerBriefs in Economics
Seiten134 Seiten
SpracheEnglisch
IllustrationenXI, 134 p.
Artikel-Nr.4280370
Rubriken
Genre9200

Inhalt/Kritik

Inhaltsverzeichnis
1;Preface;6
2;Contents;7
3;Introduction;12
4;1 What Is the Economics of Art and Culture?;13
4.1;1.1 A Challenging Discipline;13
4.2;1.2 The Scientific Approach;15
4.3;1.3 Fascinating Issues;15
4.3.1;1.3.1 Does the Market Produce Bad Art?;16
4.3.2;1.3.2 Can Arts Policy Be Left to Democracy?;17
4.4;1.4 Conclusion;19
4.5;Related Literature;19
5;Aspects;22
6;2 The Social Value of Art;23
6.1;2.1 Contrasting Views;23
6.1.1;2.1.1 Impact Studies;23
6.1.2;2.1.2 Capturing Non-market Benefits of Art;24
6.1.3;2.1.3 Different Views;25
6.1.4;2.1.4 Evaluation;26
6.2;2.2 Conclusion;27
6.3;Related Literature;28
7;3 Art Markets and Auctions;29
7.1;3.1 Producers and Consumers of Art;29
7.2;3.2 Equilibrium Between Supply and Demand;30
7.3;3.3 Auctions;30
7.4;3.4 Types of Art Market Risks;32
7.4.1;3.4.1 Risks Inherent in Works of Art;32
7.4.2;3.4.2 Unexpected Market Changes;33
7.4.3;3.4.3 Behavioural Anomalies;34
7.5;3.5 Why Do People Invest in Art?;35
7.5.1;3.5.1 Diversification;35
7.5.2;3.5.2 Biased Information;35
7.5.3;3.5.3 Taxation and Money Laundering;35
7.5.4;3.5.4 Conspicuous Consumption and Art Investment;36
7.5.5;3.5.5 Love of Art;36
7.6;3.6 Conclusion;36
7.7;Related Literature;36
8;4 The Artists´ Labour Market;38
8.1;4.1 Starving or Rich Artists?;38
8.2;4.2 Why Do People Become Artists?;39
8.3;4.3 Who Is an Artist?;40
8.4;4.4 Income;40
8.5;4.5 Awards;41
8.6;4.6 Superstars and Winner-Take-All Markets;41
8.7;4.7 Creativity;42
8.7.1;4.7.1 Personal Creativity;42
8.7.2;4.7.2 Institutional Creativity;43
8.8;4.8 Are Artists Really Unhappy?;44
8.9;4.9 Conclusion;44
8.10;Related Literature;45
9;5 Reproductions in Art;46
9.1;5.1 Contrasting Views on Copies and Fakes;46
9.1.1;5.1.1 The Moral View;46
9.1.2;5.1.2 The Legal View;47
9.1.3;5.1.3 The Art Historic View;47
9.2;5.2 Beneficial Aspects of Imitations;48
9.2.1;5.2.1 Copies Provide Utility;48
9.2.2;5.2.2 Artistic Capital Is Promoted;48
9.2.3;5.2.3 Supporting Creativity;48
9.3;5.3 Harmful Aspects of Imitations;49
9.3.1;5.3.1 Demand Side;49
9.3.2;5.3.2 Supply Side;50
9.4;5.4 What to Do?;50
9.5;5.5 Conclusion;51
9.6;Related Literature;51
10;Areas;53
11;6 Creative Cultural Economy;54
11.1;6.1 Creativity and Culture;54
11.2;6.2 Economic Properties;55
11.3;6.3 Conclusion;56
11.4;Related Literature;56
12;7 The Performing Arts;57
12.1;7.1 Characteristics of the Performing Art;57
12.2;7.2 Demand Side;58
12.3;7.3 Supply Side;58
12.3.1;7.3.1 Operas;58
12.3.2;7.3.2 Drama;60
12.3.3;7.3.3 Government Supported Organizations;61
12.3.4;7.3.4 Profit-Oriented Enterprises;62
12.3.5;7.3.5 Co-operative Organizations;63
12.3.6;7.3.6 The Cost Disease;64
12.4;7.4 Conclusion;65
12.5;Related Literature;65
13;8 Festivals;66
13.1;8.1 An Abundance of Festivals;66
13.2;8.2 A Paradox;67
13.3;8.3 Features;67
13.3.1;8.3.1 Demand Side;67
13.3.2;8.3.2 Supply Side;69
13.3.3;8.3.3 Possible Future Developments;71
13.4;8.4 Conclusion;72
13.5;Related Literature;72
14;9 Films;74
14.1;9.1 Characteristics;74
14.1.1;9.1.1 Supply Side;76
14.1.2;9.1.2 Demand Side;78
14.2;9.2 Conclusion;79
14.3;Related Literature;79
15;10 Museums;80
15.1;10.1 Types of Museums;80
15.2;10.2 Demand for Museums;81
15.2.1;10.2.1 Private Demand by Visitors;81
15.2.2;10.2.2 Social Demand;82
15.2.3;10.2.3 Effects on Markets;83
15.3;10.3 Supply;83
15.3.1;10.3.1 Cost Structure;83
15.3.2;10.3.2 Firm Structure;85
15.4;10.4 Museum Behaviour;85
15.5;10.5 Collection Management;88
15.6;10.6 Entrance Fees;89
15.7;10.7 Commercial Activities;89
15.8;10.8 Conclusion;90
15.9;Related Literature;90
16;11 Superstar Museums and Special Exhibitions;92
16.1;11.1 Characteristics of Superstar Museums;92
16.2;11.2 Special Exhibitions;95
16.2.1;11.2.1 Demand Side;96
16.2.2;11.2.2 Supply Side;96
16.3;11.3 Conclusion;98
16.4;Relevant Literature;98
17;12 Cultural Heritage;99
17.1;12.1 Many Types of Cultural Heritage;99
17.2;12.2 Values Generated;100
17.3;12.3 What and How to Preserve?;103
17.4;12.4 Conclusion;104
17.5;Related Literature;104
18;13 UNESCO World Heritage List;105
18.1;13.1 Content of the List;105
18.2;13.2 Positive Aspects of the World Heritage List;106
18.2.1;13.2.1 Attention;106
18.2.2;13.2.2 Protection;106
18.3;13.3 Negative Aspects of the World Heritage List;107
18.3.1;13.3.1 Questionable Selection;107
18.3.2;13.3.2 Overextension;107
18.3.3;13.3.3 Not Being on the List Means Being Less Valuable;108
18.3.4;13.3.4 Attracting Destruction;108
18.4;13.4 Alternatives to the UNESCO World Heritage List;109
18.4.1;13.4.1 No Intervention;109
18.4.2;13.4.2 Use of the Market;110
18.4.3;13.4.3 Competing Evaluations;110
18.4.4;13.4.4 Random Selection;111
18.5;13.5 Alternative Approaches;111
18.5.1;13.5.1 Beneficial World Heritage List;112
18.5.2;13.5.2 Beneficial Alternatives;113
18.6;13.6 Conclusion;114
18.7;Related Literature;114
19;14 Cultural Tourism;116
19.1;14.1 Types of Tourism;116
19.2;14.2 Economic Analysis;117
19.2.1;14.2.1 Impact Versus Willingness-to-Pay Studies;117
19.2.2;14.2.2 Attracting Cultural Tourists;118
19.2.3;14.2.3 Dealing with Overcrowding;119
19.3;14.3 Conclusion;121
19.4;Related Literature;121
20;Cultural Policy;122
21;15 Public Support of the Arts;123
21.1;15.1 Government Support of the Arts;123
21.1.1;15.1.1 Direct Government Expenditures;124
21.1.2;15.1.2 Indirect Public Support of the Arts;124
21.2;15.2 Arguments for the Public Support of the Arts;124
21.2.1;15.2.1 Market Failure on the Supply Side;124
21.2.2;15.2.2 Market Failures on the Demand Side;125
21.2.3;15.2.3 Comparative View;126
21.3;15.3 Constitutional Issues For and Against the Public Support of the Arts;127
21.4;15.4 Conclusion;128
21.5;Related Literature;129
22;16 Does Art Make Us Happy?;131
22.1;16.1 Happiness in the Arts;131
22.2;16.2 Measuring Happiness;131
22.3;16.3 Happy Artists;132
22.4;16.4 Participation in Cultural Activities;132
22.5;16.5 The Relationship Between Art and Happiness;132
22.6;16.6 Reverse Causality?;133
22.7;16.7 Conclusion;134
22.8;Related Literature;134mehr

Autor

Bruno S. Frey is a Permanent Visiting Professor at the University of Basel and Research Director at CREMA - Center for Research in Economics, Management and the Arts, Zurich. He was previously a Professor at the Universities of Constance, Zurich, Chicago, Warwick and Friedrichshafen, and he has been awarded five honorary doctorates in five countries. Frey has published 23 books and more than 600 articles in scholarly journals.