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Survival in the Cultural Market: The Case of Temporary Exhibitions

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  • A. E. Scorcu

    ()
    (University of Bologna, Department of Economics, Bologna, Italy; Rimini Center for Economic Analysis, Rimini, Italy)

  • R. Zanola

    ()
    (University of Eastern Piedmont, Department of Public Policy and Public Choice, Alessandria, Italy; Rimini Center for Economic Analysis, Rimini, Italy)

Abstract

The aim of this paper is to identify empirically the factors that influence the duration of the temporary exhibitions, distinguishing between prolonged and non prolonged ones. We use a sample of 259 exhibitions that took place in Italy over the period 2002-2005. The empirical evidence allows for the identification of some structural characteristics of this market and the existence of observable differences between prolonged and non prolonged shows.

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Bibliographic Info

Paper provided by The Rimini Centre for Economic Analysis in its series Working Paper Series with number 36_11.

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Date of creation: Jul 2011
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Handle: RePEc:rim:rimwps:36_11

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Keywords: survival models; temporary exhibitions; art market; Italy;

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  1. David Maddison, 2005. "Are There Too Many Revivals on Broadway? A Stochastic Dominance Approach," Journal of Cultural Economics, Springer, vol. 29(4), pages 325-334, November.
  2. Bruno S. Frey & Stephan Meier, . "The Economics of Museums," IEW - Working Papers 149, Institute for Empirical Research in Economics - University of Zurich.
  3. Victor Ginsburgh & David Throsby, 2006. "Handbook of the Eonomics of Art and Culture," ULB Institutional Repository 2013/152412, ULB -- Universite Libre de Bruxelles.
  4. Jordi McKenzie, 2009. "Revealed word-of-mouth demand and adaptive supply: survival of motion pictures at the Australian box office," Journal of Cultural Economics, Springer, vol. 33(4), pages 279-299, November.
  5. Eva Deuchert & Kossi Adjamah & Florian Pauly, 2005. "For Oscar Glory Or Oscar Money?," Journal of Cultural Economics, Springer, vol. 29(3), pages 159-176, August.
  6. Giuseppe Delmestri & Fabrizio Montanari & Alessandro Usai, 2005. "Reputation and Strength of Ties in Predicting Commercial Success and Artistic Merit of Independents in the Italian Feature Film Industry," Journal of Management Studies, Wiley Blackwell, vol. 42(5), pages 975-1002, 07.
  7. Caroline Elliott & Rob Simmons, 2008. "Determinants of UK Box Office Success: The Impact of Quality Signals," Review of Industrial Organization, Springer, vol. 33(2), pages 93-111, September.
  8. Jordi McKenzie, 2012. "The Economics Of Movies: A Literature Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 26(1), pages 42-70, 02.
  9. Laura Onofri & Antonello Scorcu, 2006. "The Life Cycle of Temporary Cultural Exhibitions: An Empirical Exploration," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 13(3), pages 447-460.
  10. Sarah Skinner, 2006. "Estimating the real growth effects of blockbuster art exhibits: A time series approach," Journal of Cultural Economics, Springer, vol. 30(2), pages 109-125, September.
  11. Jeffrey S. Simonoff, 2003. "An Empirical Study of Factors Relating to the Success of Broadway Shows," The Journal of Business, University of Chicago Press, vol. 76(1), pages 135-150, January.
  12. M. Bagella & L. Becchetti, 1999. "The Determinants of Motion Picture Box Office Performance: Evidence from Movies Produced in Italy," Journal of Cultural Economics, Springer, vol. 23(4), pages 237-256, November.
  13. Steven Albert, 1998. "Movie Stars and the Distribution of Financially Successful Films in the Motion Picture Industry," Journal of Cultural Economics, Springer, vol. 22(4), pages 249-270, December.
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