Culture (UNESCO, 1982):
All distinctive spiritual, material, intellectual, and emotional features of a society, including arts, ways of life, values, beliefs, and traditions. It is not primarily economic but serves as a social and humanistic value, forming the foundation for cultural policy and diversity.
Cultural Diversity and Heritage Policies (UNESCO Convention, 2005):
Policies aimed at preserving and promoting the variety of cultural expressions and heritage within societies, recognizing culture as a vital element of identity and social cohesion, and supporting international cooperation for cultural diversity.
Classical Cultural Economics:
An approach focusing on the economic analysis of traditional cultural sectors such as art markets, performing arts, heritage, museums, and cultural industries. It treats cultural goods as both economic and symbolic, analyzing markets, demand, and pricing, while considering market imperfections and the impact of public policy (see Baumol & Bowen, 1966; Throsby, 1994).
1. What is a primary cause of the dominance of a few artworks or stars in the art market?
2. How do cross-media feedback loops and franchise expansion in transmedia strategies differ or are similar?
3. When was Baumol & Bowen's Cost Disease, a key concept in understanding market dynamics in cultural sectors, first introduced?
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.
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