The Economic and Cultural Value of Paintings: Some Empirical Evidence

Throsby, David; Zednik, Anita

doi:10.1016/b978-0-444-53776-8.00004-0

Cited by 27 publications

(23 citation statements)

References 2 publications

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“…The open and challenging question is whether the value of cultural resources can be expressed as a combination of two separate-economic and cultural-components. Throsby and Zednik (2014) find some evidence for the hypothesis that for works of arts: the cultural value component, while related to economic value, is not subsumed by it. However, the assessment of cultural value is still in its infancy.…”

Section: What Is Missingmentioning

confidence: 84%

Economics of cultural tourism: issues and perspectives

Noonan

Rizzo

2017

J Cult Econ

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The special issue aims at exploring, with an economic perspective, the interconnections between cultural participation, in all its expressions, and tourism organization and patterns with the purpose of understanding economic effects, emerging trends and policy implications. The expanding notion of the cultural consumption of tourists makes the definition of cultural tourism increasingly elusive. Empirical investigations of the relationships between cultural participation and cultural heritage and tourism offer interesting hints in many directions. This introduction briefly overviews the premise of this special issue, the literature and the several perspectives taken by the included articles. Aside from their cultural topics-general, intangible or temporary-these essays all tackle some important economic dimensions of tourism. We encourage cultural economists to invest more in these fascinating areas as more than just intellectual tourists.

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Section: What Is Missingmentioning

confidence: 84%

Economics of cultural tourism: issues and perspectives

Noonan

Rizzo

2017

J Cult Econ

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“…Another long-standing debate in the economics of art and culture is that the theory of value in economics is not equipped to adequately connect economic to cultural value (Throsby and Zednik 2014). For a good introduction to cultural economics and its objects of inquiry, see (Frey 2003;Towse 2011;Ginsburgh andThrosby 2006, 2014).…”

Section: Auctions and Online Auctionsmentioning

confidence: 99%

Art Markets and Digital Histories

2020

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She specializes in the relationship between cities, culture and economics, and has published and taught on art markets and cultural industries from the early modern period to the present. Her current research projects focus on the development of historical cultural datasets and digital infrastructures, as well as their application in other societal domains. Sandra van Ginhoven is head of the Project for the Study of Collecting and Provenance at the Getty Research Institute. Her research on the history of the art markets and the art trade between the Southern Netherlands and Spanish America during the seventeenth century was published in 2016. Her current projects apply data analysis and modeling techniques to various topics in the history of collecting and the art markets. vii Preface to "Art Markets and Digital Histories" This Special Issue of Arts investigates the use of digital methods in the study of art markets and their histories. As historical and contemporary data is rapidly becoming more available, and digital technologies are becoming integral to research in the humanities and social sciences, we sought to bring together contributions that reflect on the different strategies that art market scholars employ to navigate and negotiate digital techniques and resources. The essays in this issue cover a wide range of topics and research questions. Taken together, the essays offer a reflection on what takes to research art markets, which includes addressing difficult topics, such as the nature of the research questions and data available to us, and the conceptual aspects of art markets, in order to define and operationalize variables and to interpret visual and statistical patterns for scholarship. In our view, this discussion is enriched when also taking into account how to use shared or interoperable ontologies and vocabularies to define concepts and relationships that facilitate the use and exchange of linked (open) data for cultural heritage and historical research.

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“…While several CV studies take into account with some specific question the attitude respondents have toward the evaluated good, no systematic quantitative assessment of the cultural value of heritage assets and its relationship with economic valuation has been empirically undertaken. In cultural economics literature, the work by Throsby and Zednik (2014) is one of the pioneering attempts to investigate empirically the relationship between cultural and economic valuation of cultural goods under a CV survey framework. Their work, however, focuses on artworks.…”

Section: In Historic Urban Heritage Valuationmentioning

confidence: 99%

Valuing Urban Cultural Heritage in African Countries: A Contingent Valuation Study of Historic Buildings in Port Louis, Mauritius

Bertacchini

Sultan

2019

Journal of African Economies

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While economic valuation of cultural goods has expanded as a field of inquiry, few studies have so far focused on urban cultural heritage of African cities, places generally characterized by development pressure but also growing tourism potential. In this paper, we apply Contingent Valuation (CV) method to estimate the economic benefits arising from the preservation and rehabilitation of historic buildings in the city center of Port Louis, Mauritius. By simultaneously analyzing the preferences of both foreign tourists and local residents, the paper investigates differences of two relevant groups of users of historic city centers and discusses the challenge in assessing economic benefits to justify investments in cultural heritage preservation. Moreover, the paper adds evidence on the complex relationship between cultural attitudes toward heritage and economic valuation, revealing conditions and contexts under which the willingness to pay for cultural goods, measured by stated preference methods, might incorporate the cultural value people express on these goods.

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The Economic and Cultural Value of Paintings: Some Empirical Evidence

Cited by 27 publications

References 2 publications

Economics of cultural tourism: issues and perspectives

Economics of cultural tourism: issues and perspectives

Art Markets and Digital Histories

Valuing Urban Cultural Heritage in African Countries: A Contingent Valuation Study of Historic Buildings in Port Louis, Mauritius

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