nep-cul New Economics Papers
on Cultural Economics
Issue of 2012‒05‒29
two papers chosen by
Roberto Zanola
University Amedeo Avogadro
  1. The Pricing of Art and the Art of Pricing: Pricing Styles in the Concert Industry By Courty, Pascal; Pagliero, Mario
  2. The French Unhappiness Puzzle: the Cultural Dimension of Happiness By Claudia Senik
  1. By: Courty, Pascal; Pagliero, Mario
    Abstract: We document the existence of pricing styles in the concert industry. Artists differ in the extent to which they rely on second- and third-degree price discrimination and in how likely they are to sell out concerts. Most strikingly, artists who use multiple seating categories are more likely to vary prices across markets and less likely to sell out concerts. These patterns are difficult to explain under a standard profit maximization paradigm. The hypothesis that artists differ in their willingness to exploit market power provides a plausible framework for explaining these patterns in artist pricing style.
    Keywords: Behavioral pricing; exploitation of market power; Fair pricing; Price discrimination; Pricing style; Rationing
    JEL: D42 D45 L21 L82 Z11
    Date: 2012–05
    URL: http://d.repec.org/n?u=RePEc:cpr:ceprdp:8967&r=cul
  2. By: Claudia Senik (EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris, PSE - Paris-Jourdan Sciences Economiques - CNRS : UMR8545 - Ecole des Hautes Etudes en Sciences Sociales (EHESS) - Ecole des Ponts ParisTech - Ecole Normale Supérieure de Paris - ENS Paris - INRA, UP4 - Université Paris 4, Paris-Sorbonne - Université Paris IV - Paris Sorbonne - Ministère de l'Enseignement Supérieur et de la Recherche Scientifique)
    Abstract: This article sheds light on the important differences in self-declared happiness across countries of equivalent affluence. It hinges on the different happiness statements of natives and immigrants in a set of European countries to disentangle the influence of objective circumstances versus psychological and cultural factors. The latter turns out to be of non-negligible importance in explaining international heterogeneity in happiness. In some countries, such as France, they are mainly responsible for the country's unobserved idiosyncratic level of (un-)happiness.
    Keywords: Happiness ; Subjective Well-Being ; International Comparisons ; France ; Immigration ; European Social Survey
    Date: 2011–10
    URL: http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-00628837&r=cul
This nep-cul issue is ©2012 by Roberto Zanola. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at http://nep.repec.org. For comments please write to the director of NEP, Marco Novarese at <director@nep.repec.org>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.
This page is being maintained by Thomas Krichel. It was last updated on 2023‒07‒08 at 11:47.