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Addiction At the Biennale of Venice

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Author Info
Carlos Pestana Barros
Marilena Vecco
Victor Blanco

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Abstract

In this paper we analyse the socio-economic characteristics (e.g. age, gender, education, nationality) associated with the probability of subscribing to an art review, among visitors of the Visual Arts Biennale of Venice taking into account the heterogeneity of the data. The analysis uses a data set from a questionnaire given in Venice in 2003 to ascertain the key characteristics of the Biennale visitors, (Bernardi, Pizzi and Vecco, 2004). A Bayesian random parameter logit model is used with Gibbs sampling to verify the hypothesis that subscribing to an art review given that the individual visits the Biennale, defines addiction to visual arts. This model outperforms the standard logit model since it takes into account the unobserved heterogeneity of the sample data. Some policy implications are presented.

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Publisher Info
Paper provided by Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon. in its series Working Papers with number 2008/14.

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Date of creation: Mar 2008
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Handle: RePEc:ise:isegwp:wp142008

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Postal: Department of Economics, School of Economics and Management (ISEG), Technical University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: http://www.iseg.utl.pt/departamentos/economia/

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Related research
Keywords: Culture; Biennale of Venice; Mixed Logit model; and policy implications.;

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  1. Yeonbae Kim & Jeong-Dong Lee & Daeyoung Koh, 2005. "Effects of consumer preferences on the convergence of mobile telecommunications devices," Applied Economics, Taylor and Francis Journals, vol. 37(7), pages 817-826, April. [Downloadable!] (restricted)
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  16. Juan Prieto-Rodríguez & Víctor Fernández-Blanco, 2000. "Are Popular and Classical Music Listeners the Same People?," Journal of Cultural Economics, Springer, vol. 24(2), pages 147-164, May. [Downloadable!] (restricted)
  17. David Maddison & Terry Foster, 2003. "Valuing congestion costs in the British Museum," Oxford Economic Papers, Oxford University Press, vol. 55(1), pages 173-190, January.
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