nep-cul New Economics Papers
on Cultural Economics
Issue of 2007‒06‒30
fourteen papers chosen by
Roberto Zanola
University of the Piemonte Orientale
  1. Make Material Cultural Heritage Work By Friel Martha; Santagata Walter
  2. Cultural Tourism and Collective Trademarks: The Case of Byblos and Saida, Lebanon By Ghafele Roya; Santagata Walter
  3. Collective Trademarks and Cultural Districts: the Case of San Gregorio Armeno - Naples By Cuccia Tiziana; Marrelli Massimo; Santagata Walter
  4. Il successo mondiale della tradizione del Presepe, le grandi collezioni, i media e il nuovo collezionismo By Catello Roberta
  5. Market Impact of International Sporting and Cultural Events By António Miguel Martins; Ana Paula Serra
  6. Creativity and New Patterns of Consumption in the Experience Economy By Sacco Pier Luigi; Segre Giovanna
  7. Arte e tradizione napoletana By Esposito Lella
  8. Aspetti istituzionali ed economici della domanda: un'analisi di valutazione contingente sulla disponibilità a pagare per il marchio collettivo di San Gregorio Armeno By Cuccia Tiziana; Santagata Walter
  9. Il distretto culturale di San Gregorio Armeno: preliminari per un piano strategico By Motta Emanuela
  10. From creativity to innovation By Yusuf, Shahid
  11. Aspetti storici e artistici del Presepe Napoletano By De Caro Stefano
  12. Una proposta per lo sviluppo economico del distretto culturale di San Gregorio Armeno: il ruolo dell'arte, della cultura e del design industriale By De Caro Stefano; Marrelli Massimo; Santagata Walter
  13. Distretto Culturale di San Gregorio Armeno. Il presepe napoletano. La Produzione e l'Offerta By Manna Alessandro; Marrelli Massimo
  14. Superstars and Journeymen: An Analysis of National Football Team’s Allocation of the Salary Cap across Rosters, 2000-2005 By Kevin G. Quinn; Melissa Geier; Anne Berkovitz
  1. By: Friel Martha; Santagata Walter (University of Turin)
    Date: 2007–05
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200710&r=cul
  2. By: Ghafele Roya; Santagata Walter (University of Turin)
    Date: 2006–12
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200601&r=cul
  3. By: Cuccia Tiziana; Marrelli Massimo; Santagata Walter (University of Turin)
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200701&r=cul
  4. By: Catello Roberta
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200707&r=cul
  5. By: António Miguel Martins (Faculdade de Economia da Universidade do Porto); Ana Paula Serra (Faculdade de Economia da Universidade do Porto)
    Abstract: This paper investigates the impact of international sporting and cultural events on national stock markets. We study market reaction to the announcements of the selected country hosting the Summer and Winter Olympic Games, the World Football Cup, the European Football Cup and World and Specialized Exhibitions. We also measure the market effects of the announcement of the nomination of the European Cultural City. First, we evaluate the abnormal returns of winning bidders at (and around) the announcement date using an event study methodology. We study the impact at market and industry-levels. Second, we analyze the determinants of the variation in abnormal returns across events and industries on the basis of a set of variables found important by previous studies and control for the prior probability of observing the event. Third, on the basis of a simple model of partial anticipation, we reexamine the abnormal returns observed for the winning and losing countries and perform a series of tests to disentangle the different theoretical arguments that could account for the observed stock market behavior. Our initial results suggest that the abnormal returns measured at the announcement date and around the event are not consistently different from zero. Further, when we look at particular industries, we find no evidence supporting that industries, that a priori were more likely to extract direct benefits from the event, observe positive significant effects. Yet when we control for the prior expectations, the announcement of these mega-events is associated with a positive market reaction in the nominated country and a negative reaction in the losing country. Overall we interpret our findings as supportive of rational asset pricing and partial anticipation.
    Keywords: Market efficiency; Event studies; Mega-events
    JEL: G31 G14 L83
    Date: 2007–06
    URL: http://d.repec.org/n?u=RePEc:spe:wpaper:0720&r=cul
  6. By: Sacco Pier Luigi; Segre Giovanna
    Date: 2006–12
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200602&r=cul
  7. By: Esposito Lella
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200704&r=cul
  8. By: Cuccia Tiziana; Santagata Walter (University of Turin)
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200705&r=cul
  9. By: Motta Emanuela
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200708&r=cul
  10. By: Yusuf, Shahid
    Abstract: Talent is the bedrock of a creative society. Augmenting talent involves mobilizing culture and tradition, building institutions to increase the stock of human capital, enhance its quality, and instill values favoring achievements and initiative. The productivity of this talent in the form of ideas can be raised by nurturing wikicapital-the capital arising from networks. Translating creativity into innovation is a function of multiple incentives and sustaining innovation is inseparable from heavy investment in research. Finally, the transition from innovation to commercially viable products requires the midwifery of many service providers and the entrepreneurship skills of firms small and large.
    Keywords: Education for Development (superceded),ICT Policy and Strategies,Tertiary Education,Agricultural Knowledge & Information Systems,Cultural Policy
    Date: 2007–06–01
    URL: http://d.repec.org/n?u=RePEc:wbk:wbrwps:4262&r=cul
  11. By: De Caro Stefano
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200703&r=cul
  12. By: De Caro Stefano; Marrelli Massimo; Santagata Walter (University of Turin)
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200702&r=cul
  13. By: Manna Alessandro; Marrelli Massimo
    Date: 2007–03
    URL: http://d.repec.org/n?u=RePEc:uto:eblawp:200706&r=cul
  14. By: Kevin G. Quinn (St. Nobert College); Melissa Geier (St. Nobert College); Anne Berkovitz (St. Nobert College)
    Abstract: The National Football League constrains teams’ payrolls via a “salary cap.” We analyze how teams allocate cap spending across rosters using a data set of over 10,000 player-season observations during 2000-2005. We find that a few players account for relatively high portions of teams’ caps, and that the players’ “cap values” are consistent with both “superstar” and Yule-Simon income distributions. A theoretical model based on a utility function convex with respect to winning is used to explain this result. We also find that the cap has been substantially effective in reducing teams’ ability to “spend their way to championships.”
    Keywords: Sports, NFL, Draft, Quarterback, Productivity
    JEL: L83 J23 J42
    Date: 2007–06
    URL: http://d.repec.org/n?u=RePEc:spe:wpaper:0722&r=cul
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