Culture itself forms society's identity, social values, and formal and informal social relations. This strengthens social capital, which is based on community, citizenship, volunteerism, and social values. These aspects promote effective democratic governance, and thereby ensure economic growth...

Since the growth of the art market into a capitalized global art industry, public and academic discourse on art auctions has been dominated by record prices. Despite the financial potential of art auctions as well as the public and academic interest in art, understanding of auction prices is...

Purpose - the purpose of the article is to identify factors of cultural economics and examine their impact on countries' competitiveness. Research methodology - in this study, the following factors have been determined to affect the competitiveness of the European Union countries: cultural...

Culture itself forms society's identity, social values, and formal and informal social relations. This strengthens social capital, which is based on community, citizenship, volunteerism, and social values. These aspects promote effective democratic governance, and thereby ensure economic growth...

Amidst Russia's war of aggression against Ukraine, the European Union has stood strong in solidarity, offering vital assistance to Ukraine's cultural and creative sectors. This publication highlights EU initiatives and collaborations that aid in mitigating the conflict's impact on culture. From...

Amidst Russia's war of aggression against Ukraine, the European Union has stood strong in solidarity, offering vital assistance to Ukraine's cultural and creative sectors. This publication highlights EU initiatives and collaborations that aid in mitigating the conflict's impact on culture. From...

The "economic" naturally meets the "cultural" because both spheres deal, differently albeit convergingly, with "values" and "valuations". Materially crafted and spiritually charged, tactile/tangible and ineffable/intangible, privately owned and collectively enjoyed, nourished currently and...

The Eurovision Song Contest is one of the worldwide biggest live media events and the world's leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of artists) to the contest and both expert juries...

Vesalius wrote nothing about the aesthetics of the anatomical illustrations found in his De humani corporis fabrica (1543). There are, however, two passages in this work that offer a starting point for an investigation into the illustration’s idealised style. In discussing the body that is...

This paper aims to evaluate the culture and arts of Kyoto Prefecture through the calculation of its cultural GDP in 2015. The method for calculating the cultural GDP in Japan is mainly based on the criterion of the UNESCO Culture Satellite Account (CSA). Results reveal that the ratio of the...

In strictly economic terms, economic development is the process whereby the real per capita income of the country increases over a long period of time subject to stipulations that the people below an absolute poverty line does not increase, and that the distribution of income does not become...

The Eurovision Song Contest is one of the worldwide biggest live media events and the world’s leading broadcast of an international music competition. The countries of the European Broadcasting Union participate by sending an artist (or a group of artists) to the contest and both expert juries...

Art history may be at a turning point in the adoption of a quantitative approach typical of social sciences, and this book is a brilliant manifesto for this. It will be a fascinating reading for economic historians and cultural economists, and will hopefully foster interdisciplinary research,...

A vast literature in economics has focused on the role of culture in financial development and growth. Here, I review works which have adopted a cultural perspective to the study of family businesses. While family firms are ubiquitous, their prevalence displays wide spatial differences. Also,...

Chapter 1: A Pragmatic approach to the arts -- Chapter 2: What values are, and how we learn to appreciate them -- Chapter 3: How Artists Imagine New Worlds -- Chapter 4: How the Audience, as Participant, Makes Worlds Real -- Chapter 5: Making Space for Cultural Civil Society.

"For entrepreneurs in the creative fields, decision making is both a necessity and an art. Applying creativity to strategic decisions requires skills developed over time. This textbook provides arts entrepreneurship students a series of case studies centering on decision-making models applicable...

The research is part of a wider research problem, whose aim is to find an optimal financing model for cultural institutions in Poland. The purpose of this research is to evaluate the performance indicators of municipal and regional theatres in the context of accessibility to cultural public...

In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if – in contrast to the standard model – the...

Trust between parties should drive contract design: if parties were suspicious about each others' reaction to unplanned events, they might agree to pay higher costs of negotiation ex ante to complete contracts. Using a unique sample of U.S. consulting contracts and a negative shock to trust...

If a hypothetical investor diversifies her portfolio by investing in an index based upon the contemporary art market, has she invested in an efficient market or not? I investigate the presence of time series momentum in the market of contemporary living artists by considering a different...

In the standard neoclassical model consumers use all the available information and the demand for goods depends exclusively on preferences and prices whereas other spurious information do not play any role. In the market for books, we investigate if - in contrast to the standard model - the...

Trust between parties should drive contract design: if parties were suspicious about each others' reaction to unplanned events, they might agree to pay higher costs of negotiation ex ante to complete contracts. Using a unique sample of U.S. consulting contracts and a negative shock to trust...

Most existing literature has ignored the potential effects that color intensity may have on art prices (bearing a few recent exceptions). We examine 1,627 paintings executed by the “Big five” Latin American artists (Rivera, Tamayo, Lam, Matta, and Botero) and sold at Sotheby’s and...