Flashcard: Understanding Cultural Economics and Creative Industries — 18 carte

Culture (UNESCO, 1982) — definition?

All features of a society, social and humanistic.

Cultural diversity policies — aim?

Preserve and promote cultural expressions and heritage.

Classical cultural economics — focus?

Traditional sectors, demand, pricing, market imperfections.

Creative industries — inputs?

Creativity, skill, talent, mainly intellectual property.

Market dominance — phenomenon?

Few products or stars capture most market share.

Market share stats — example?

Top 20 films in France: 50-55% of box office.

Transmedia feedback — mechanism?

Cross-platform products reinforce each other's success.

Franchise expansion — effect?

Increases overall sales via multiple media.

Search goods — quality?

Evaluated before purchase via info or reviews.

Experience goods — quality?

Judged after consumption, subjective.

Credence goods — quality?

Cannot be fully assessed even after use.

Cultural goods — main type?

Experience goods, judged by taste and emotion.

Art market — structure?

Governed by explicit and tacit conventions.

Explicit conventions — example?

Genre hierarchies like history painting.

Tacit conventions — example?

Norms of originality and authenticity.

Quality assessment — criteria?

Composition, color, drawing, expression.

Roger de Piles — contribution?

Proposed criteria for evaluating art quality.

Art ranking systems — purpose?

Compare and measure artworks and artists.