The Economics of Cultural Awards

English, James F.

doi:10.1016/b978-0-444-53776-8.00006-4

Cited by 7 publications

(6 citation statements)

References 45 publications

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“…A great many awards are bequeathed in the cultural sector (see, e.g. Wijnberg, , and English, , for more general discussions). The Academy Awards ( Oscars ) and the prizes given at various film festivals feature many different categories to recognize persons involved in the movie industry.…”

Section: Awards Are Ubiquitousmentioning

confidence: 99%

Towards an Economics of Awards

Frey

Gallus

2015

Journal of Economic Surveys

105

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Awards are a widespread phenomenon. They cater to the fundamental desire for social recognition and serve as a valuable incentive to influence behaviour. The study of awards such as medals, prizes and titles has in recent years gained momentum in economics, complementing the longstanding focus on material incentives. To evaluate the effectiveness of awards as a motivator is difficult as the effect of awards must be separated from the fact that awards are meant to be given to the best. We show how research on awards has advanced over the last couple of years, thus providing points of departure for future work.There are an enormous number of awards adorning people's chests and organizations' entry halls. They range from orders and crosses bequeathed by heads of state, to decorations handed out by the military, and to many different other prizes and titles bequeathed by all sorts of organizations in the for-profit and nonprofit sectors. It would be difficult to find an area of society in which awards are not employed. State orders and decorationsAll countries around the world (with the exception of Switzerland) know the institution of official awards in the form of state orders and crosses

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Section: Awards Are Ubiquitousmentioning

confidence: 99%

Towards an Economics of Awards

Frey

Gallus

2015

Journal of Economic Surveys

105

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“…[2006]). Considering the efforts that producers and publishers devote to ensuring that their productions receive or are shortlisted for an award, they are doubtless convinced of the material consequences of prizes (English [2014]).…”

Section: Introductionmentioning

confidence: 99%

“…INTRODUCTIONIF AWARDS, which are meant to reward artistic quality, result in commercial success, they may contribute to reconciling economic and artistic objectives (Canoy et al [2006]). Considering the efforts that producers and publishers devote to ensuring that their productions receive or are shortlisted for an award, they are doubtless convinced of the material consequences of prizes (English [2014]).…”

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confidence: 99%

Experts, Information, Reviews, and Coordination: Evidence on How Prizes Affect Sales*

Lagios,

Méon

2023

The J Industrial Economics

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Exploiting the award process, we implement a regression discontinuity design to estimate the effect of winning France's main literary prize, the Goncourt. It increases sales, especially for books that sold fewer copies before the announcement, the number of reviews on Amazon, and the probability of them being negative. The effect is partly driven by an increase in word of mouth. Those findings are consistent with a model where the prize provides information on the existence of a book and acts as a quality signal and a coordination device but prompts consumers to read books that are far from their tastes.

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“…Book awards are a pervasive aspect of contemporary book culture, attracting substantial media and scholarly attention (Auguscik, 2017;Cain, 2018;English, 2004English, , 2005English, , 2013Flood, 2017Flood, , 2018aFlood, , 2018bO'Brien, 2017;Squires, 2007aSquires, , 2007bSquires, , 2007cSquires, , 2007dSquires, , 2013Roberts, 2011;Ramdarshan Bold and Norrick-Rühl, 2017). They confer prestige (English, 2005), generate marketing opportunities (Squires, 2007a), increase sales (The Guardian, 2012; Menon, 2013), and contribute to the early stages of canon formation (English, 2005(English, : 154, 2005Corse, 1996: 101).…”

Section: Introductionmentioning

confidence: 99%

The First Rule of Judging Club…: Inside the Saltire Society Literary Awards

Marsden

Squires

2019

Journal of Cultural Analysis and Social Change

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Book awards are a pervasive aspect of contemporary book culture, attracting both substantial media and scholarly attention. They confer prestige, create marketing opportunities, push sales, and contribute to the early stages of canon formation. Yet, beyond occasional media splashes when judges break ranks and disagree, there is little insight into the administrative and decision-making processes inside book awards. This article draws on the autoethnographic experiences of two academic researchers, who were simultaneously participants (as administrator and judge) for the Saltire Society Literary Awards. In so doing, the article gives insight into particular moments within the administration and judging of the awards, such as changes instigated by research findings and debates surrounding gender imbalance in Scottish literary award culture. It also examines some of the challenges of operating as embedded researchers. The article analyses what autoethnographic methods can bring to an understanding of the Saltire Society's Literary Awards and other cultural awards, and the implications of embedded research and collaborative autoethnography for 21st century book culture scholarship more widely. It reflects upon modes of embedded research by making evident the challenges and dilemmas of researching from the 'inside'. The ethical framework for such research is far from simple, but in exploring particular moments with perspectives from both inside and outside the judging processes, and in interrogating the practices of literary consecration, the article casts light upon this particular 'judging club' and its practices, and illuminates ways in which researchers might consider, orientate, and carry out further research into processes of cultural consecration.

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The Economics of Cultural Awards

Cited by 7 publications

References 45 publications

Towards an Economics of Awards

Towards an Economics of Awards

Experts, Information, Reviews, and Coordination: Evidence on How Prizes Affect Sales*

The First Rule of Judging Club…: Inside the Saltire Society Literary Awards

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