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1.
Beyond the Dogma of the Fixed Book Price Agreement   总被引:4,自引:1,他引:3  
After describing the essential features of the book market, a welfare analysisof the fixed book price agreement is given. Allowance is made for theopportunity cost of reading. Theoretically such an agreement pushes up bookprices and depresses book sales. However, more titles will be published,particularly books with low price elasticity and those that take a long timeto read. Potential advantages of better service, distribution and retailnetworks seem less relevant. The book market is one of imperfect competition,but even so the cross-subsidy argument is unlikely to be valid. A qualitativeanalysis of the Dutch situation is given. Tentative conclusions are that oneshould be more concerned about the number of well-stocked bookshops than thediversity of published titles and that debutantes do not face big barriers toentry. One should be even more concerned about the falling proportion ofpeople reading books. Governments fail to set (quantitative) objectives forthe fixed book price agreement, which makes it difficult to evaluate itssuccess and contributes to it being treated as dogma in the book world and thepolitical arena.  相似文献   

2.
While many scholars have studied the impact mergersand acquisitions have had on market concentrationlevels in various industries, few have addressed theconsumer book market, an important U.S. culturalindustry. This paper: (1) defines the consumer bookmarket; and (2) using consumer book mergers, salesdata, the U.S. Department of Justice's 1992 mergerguidelines, the Herfindahl–Hirschman Index, andfour-firm and eight-firm concentration ratios testswhether an illegal level of market concentration or aviolation of Justice's antitrust guidelines wereevident in 1995 and 1996. Data on market entrybarriers, outputs, and prices are also analyzed.  相似文献   

3.
Driven by the pressure to permanently release a large number of books, publishers have to allocate limited advertising budgets across the wide range of newly released books. As in many creative industries, publishers often focus their advertising activities on potential top sellers written by recent bestselling authors. Considering potential selection effects in choosing the “right” books for advertising, this paper investigates (1) whether selection effects exist and to what extent potential selection effects influence the relation between book advertising and book sales and (2) the boundary conditions under which book advertising leads to higher sales by focusing on the “star power” effects of authors. By applying propensity score matching to a dataset of 598 fiction books from the German book market, we identify substantial selection effects that lead to a serious overestimation of advertising effectiveness by up to 41 % (10,000 copies sold). Using group analyses, we find that sales of books written by recent bestselling authors are not significantly influenced by advertising activities of publishers; however, the sales of books written by lesser-known authors can be increased significantly if they are advertised. Our findings are highly relevant for publishers, indicating that a shift in the allocation of advertising budgets toward promising books by lesser-known authors is recommended to improve the overall advertising effectiveness.  相似文献   

4.
A growing body of literature is devoted to testing the reality of the “long-tail” phenomenon. This literature is mostly, if not exclusively, focused on the impact of Internet on the distribution of sales by product. However, the long tail also raises the issue of a possible change in the usual market structure of cultural industries: an oligopoly with a competitive fringe. To our knowledge, no paper addresses the following question: If the long-tail effect does exist, is it of more benefit to small or dominant publishers? The aim of this paper was to address this issue in the context of the French publishing industry. Our main findings are as follows: (1) the market concentration of the French book industry is lower online than offline and (2) the difference in concentration between the two channels of distribution tended to widen over the period 2004–2010. Strategies adopted by leading publishers on the Web do not allow them to maintain the market share obtained with bricks-and-mortar retailers. Furthermore, we show that the market share lost by dominant firms is captured by small publishers online and by medium-sized publishers in conventional stores.  相似文献   

5.
The definition of quality, and its consistent assessment, is a fundamental issue when dealing with collectibles. We analyze how originality is priced by the market. The market for prints by Rembrandt is considered. An original database has been built including almost 5,000 transactions in the international auction market during the period 1985–1998. The data allow us to control for many different characteristics (market, aesthetic, originality, authenticity, rarity, art history, techniques, conservation, etc.). The concept of “state” is used to measure originality. In printmaking a state is defined as the artist's creative phase, which occurs on the plate before inking and printing. We test whether (non-original) posthumous states are sold at prices lower than Rembrandt's own (original) states. The implicit price associated with the state has been found to significantly decrease if the state was later printed by someone else when it was no longer the master's intervention on the plate. Furthermore, a decreasing value among subsequent original states has proved to positively account for Rembrandt's direct invention. JEL classification: Z11, D46, C52  相似文献   

6.
The idea of multiple markets, conceptualised as a variety of concrete market configurations, was fruitfully developed in the socio-material networks research programme. However, it has not yet been able to solve the following puzzle: the differentiation and specification of multiple markets that exist at the same time in the same place. In this paper, I argue that White’s model of ‘markets from networks’ can contribute to filling this gap, since it is centred on the specification of a market’s structural and cultural boundaries. His model allows for the analysis of concrete market practices intertwined with more abstract concepts of markets formed in discourses that move firms and markets across different levels – from local markets to market sectors. An in-depth analysis of the emergence of the World Music market demonstrates the advantages of employing this model in the analysis of multiple markets.  相似文献   

7.
The quality of a book reprint depends on several factors, e.g. paper, typesetting, reproduction of illustrations, printing and bookbinding. The quality of the 1958 and 1988 reprints of the fairytale edition from 1944 designed by the Slovenian architect Jo?e Ple?nik was studied using standard and other non-invasive testing methods, e.g. microscopic and spectroscopic techniques, sonic velocity, Young's modulus of elasticity, surface topography and image analysis. The chemical, physical and colorimetric properties of papers and typographic tonal density were analysed. The results showed that the reprints do not correspond to the originals. Some of the differences in the reprints, if compared with the original (e.g. typographic tonal density), could have been easily avoided, while others (e.g. structural and optical properties of paper) remain unavoidable, mainly due to the influence of internal and external factors on the ageing. The ageing process influences paper properties, since optical properties deteriorate in time. It has been concluded that a precise and systematic study of the properties of an old book should be performed before the preparation of a reprint. The results of the research have shown that the applied methods are useful and satisfactory for the characterisation of the paper properties and typography, and can be of use at the analysis of printing ink and illustration reproduction.  相似文献   

8.
The Droit de Suite, known in the UK as Artists’ Resale Rights, provides an artist with the inalienable right to receive a royalty based on the resale price of an original work of art. This paper provides an empirical analysis of actual changes in the UK auction market for art that is newly subject to the Droit de Suite (DDS) because of a change in law. All changes are measured relative to changes for art not subject to the DDS and relative to changes in the auction markets for art in countries where there has been no change in law. We do a difference-in-difference analysis, differencing price growth and sales growth across market segments and across countries over the period 1993–2007. Our results suggest that the introduction of the DDS has not had a consistent negative impact on the UK art auction market during the period of study.  相似文献   

9.
"在这片土地上,在这片美丽的土地上,人们在欢唱,因为他们感到幸福;在这片土地上,在这片古老的土地上,人们幸福,因为他们勤劳刻苦;在这片土地上,在这片神圣的土地上,人们幸福,因为他们得到苍天的关注;在这片土地上,在这片温暖的土地上,人们幸福,因为他们心灵手巧。"  相似文献   

10.
The quality of production (e.g. paper, typesetting, reproduction of illustrations, printing and bookbinding) of a book (reprint) is very important. The quality of a 1978 reprint of a book from 1921 was studied using standard and non-destructive testing methods such as microscopic and spectroscopic techniques. Chemical, physical and colorimetric properties of the papers, colour differences of the prints and typographic tonal density were analysed. Results showed that the reprint is not an identical copy of the original. Some of the differences in the reprint compared with the original (e.g. typographic tonal density) could easily have been avoided while others (e.g. structural and optical properties of paper, colour prints) are unavoidable, mainly because of the influence of internal and external factors on ageing. Ageing influences the properties of paper and colour print: optical and colour properties deteriorate and colour fades. It is concluded that precise and systematic evaluation of the properties of an old book should be carried out before a reprint is prepared. The results of the research, using non-destructive methods such as microscopy, spectroscopy and image analysis, are useful for characterising the properties of paper and printing ink, typography and reproduction of illustrations.  相似文献   

11.
香港凤凰卫视资讯台副台长、新闻主播吴小莉不久前在出版的—本新书中讲到,在她采访过的许多国家政要中,前中共中央政治局常委、国务院总理朱镕基称得上是一个身上充满文化魅力的人。出生于耕读之家1928年10月1日,朱镕基出生在湖南省长沙县安沙镇和平村棠坡自然村一所叫“恬园”的朱氏祖宅里。  相似文献   

12.
Despite a substantial literature on the economics of the arts, there has been virtually no analysis of the role of criticism in the market for the arts. This paper discusses a number of problems which emerge in attempting such an analysis.  相似文献   

13.
InMaking the Mummies Dance, Thomas Hoving, former director of the Metropolitan Museum of Art, articulates a blistering defense of his, admittedly minority, view; namely, that trading directly with dealers when selling deaccessioned works of art or adding to museum collections is preferable to buying and selling in the open auction market (Hoving, 1992). Hoving has been severely criticized for his trades during his tenure at the Metropolitan, as well as for his assessment of the market for fine arts, which runs counter to the prevailing views held by many American public officials, professional art critics and museum boards. We shall present a theoretical model in support of Hoving's argument that trades made at auctions may not serve the public interest. We shall also statistically investigate the stochastic processes which characterize the tertiary art market.  相似文献   

14.
Judith Butler's work on performativity takes an explicitly Foucauldian approach to politics. The economic performativity literature, in comparison, has been criticised for failing to foreground power. This paper uses a case study of market creation in UK marine fisheries to suggest, after Butler, ways in which a Foucauldian analysis of the exercise of power can inform our understanding of economic performativity.  相似文献   

15.
EROTIC ECONOMICS     
Since their inception, capitalist markets have been associated with a wide variety of psychological disorders. Freud argued that many of these neuroses were the result of repressing Eros, or the pleasure principle, in the interest of building a broader society or ‘civilization’. Drawing on the work of the Italian autonomist Franco Berardi and the psychology of Carl Jung, I argue that Eros, defined more broadly as relatedness, is an integral part of capitalist markets that has been consistently devalued and repressed both in economic discourse and economic policy. Identified with the ‘feminine’ behaviours of hysteria, emotion and irrationality, this aspect of capitalist markets was moralized throughout the eighteenth and nineteenth century and the market was re-conceived as masculine. As both Berardi and Keynes have noted, however, we have paid a price for this absorption of Eros by the Logos of the market. By recuperating the erotic aspects of capitalism, we can build a more embodied, relational concept of the market.  相似文献   

16.
The market for autographs has become more open to international buyers since 1990. Our data set features a large sample of store and auction sales for selected authors every 5 years from 1960 to 2005. The estimation of a hedonic price function shows that page count, type of author, date and type of the document conditionally to author explain more than three quarters of the price differences. The apparent price of autographs increased by 7.7 % per year during the period, while the hedonic price index increased by 7.9 % on average. With a supply function responsive to market valuation, as well French autograph prices seemingly showing trend similar to art market index, the French autograph market has become more integrated in the global art market.  相似文献   

17.
Scholars for centuries have been investigating and debating what determines the value of a good or service. However, the market has chosen to ignore what has been categorized as nonmarket transactions such as volunteerism. This paper will examine the economic contribution of volunteerism and its impact on our cultural inventory. Economic literature reveals three possible alternative methods to calculating the dollar figure for non-compensated volunteerism. They are Opportunity Cost Approach, Value-Added Approach, and Market Price Equivalency Model. Has cultural volunteerism contributed to cultural inventory by providing an expansion of our knowledge of the past and understanding the future?  相似文献   

18.
In this analysis we present some results for book demand (schoolbooks are excluded) in Norway, obtained by means of a three-goods model (books, other cultural goods and non-cultural goods) and survey data for more than 18000 households from the period 1986–1999. Various methods of estimation are used, and they provide, surprisingly unambiguous results. Our hypotheses about the price and income sensitivity of book demand are confirmed. Books turn out to be “luxury” goods. Our calculations do also suggest that they are quite price sensitive and that they are close substitutes to other cultural goods. The results for socio-demographic variables indicate that access to outlets for books, sex and age matter for book demand. Moreover, we find that single persons and households with small children, especially those with children less than 7 years, are frequent book-buyers.  相似文献   

19.
This paper proposes and mobilizes a cultural economic framework to study the dynamic formation of digital markets for cultural goods. Adapting Hayek's theory of price to recent developments in the field of cultural sociology, it proposes the idea that an effective price system condenses information dispersed in society, and then enters into a performative process of symbolic communication that is perceived as ‘authentic’ by the consumers. After analyzing ‘artificial’ and ‘authentic’ current strategies aimed at producing digital markets for cultural goods, which are especially sensitive to the symbolic dimension of price, the article suggests the hypothesis that the digital market has been constructed as a zero- or quasi-zero-price economic space, and that it is the offline and material market of cultural products the one that collects the higher revenues derived from the ‘authentic’ generation of value taking place in the digital marketplace.  相似文献   

20.
Conclusions This paper has demonstrated that visitors to professional theatre companies located in towns and villages of southern Ontario contribute to the economic well-being of the local economy. Furthermore, it has been documented that while all communities receive some monetary benefits, spatial variations are found to exist. These discrepancies are a function of differences in the average expenditures of non-local residents and the total number of visitors attending the theatre event. As expected, average expenditures appear to be highest in communities supporting a large commercial sector which are capable of sustaining a touris market. Moreover, the number of visitors attending a theatre event appears to be greatest in small communities supporting an established theratre company.  相似文献   

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