In Korean art auctions, bought-in (which means they failed to sell) artworks yield 14.4% lower returns, but price declines send an even stronger negative signal. This suggests that falling resale…
What is the role of different concepts of quality in the fine-dining restaurant sector? We investigate how experts’, consumers’, and chefs’ views of quality interact in the Italian market, shedding…
This research is in line with studies on the values produced by culture and their impact on urban dynamics. We explore the extent to which cultural amenities influence interurban location…
The title of our paper recently published in the Journal of Cultural Economics is reminiscent of the work by Tal Feder and Joanna Woronkowicz (2023), titled “Reluctantly Independent: Motivations for…
Concert ticket pricing has become increasingly sophisticated in recent decades, attracting significant popular attention. Economists have long studied key questions in this space: Why have concert tickets become so expensive?…
If artists are entrepreneurs, are some art collectors venture-stage investors in art? We investigate this question through the 20th-century U.S. collectors Burton and Emily Hall Tremaine. On average, they collected…
In our research, we explore how proximity to cultural institutions influences neighbourhood cultural participation. Using GPS data from six major French cities, we reveal that while distance matters, socio-economic factors…
In the digital age, music platforms like Bandcamp promise independent artists greater control and fairer compensation. However, our research reveals that even alternative platforms mirror the inequalities plaguing mainstream streaming…
The wine industry, known for its rich history and complexity, faces an intriguing challenge: how do consumers assess quality in a market brimming with informational inefficiencies? This question lies at…
Why are female composers historically overshadowed by their male counterparts? Using data on over 17,000 composers who represent the entire history of Western classical music, we analyze the gender gap…
As 2024 comes to a close, we want to take a moment to thank our amazing community—scholars, researchers, and readers—for their dedication and enthusiasm in exploring and sharing trends about…
The 11th European Workshop on Applied Cultural Economics (EWACE) –organised by the Department of Applied Economics at the University of Valladolid– was held in Segovia (Spain) between September 4 and…
The accumulation of creative capital drives tourism competitiveness in Europe. Factors such as talent, cultural diversity and creative industries favour tourism efficiency, giving destinations a key advantage to maximise their…
Economists as well as sociologists have an interest in how behavior is shaped by how resources are allocated in society. In recent years, a rapprochement between the disciplines is observable…
Heritage and local attractiveness are closely linked, but concerns have emerged about excessive tourist flows to cultural destinations. This research investigates the nexus between cultural tourism and development, focusing on…
The Arts Need Oxytocin! Our research reveals how ‘tactile value’ at live music events influences economic decisions. By examining how physical interactions enhance concert experiences, we show that festivalgoers assign…