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Cultural and economic value: A (p)review

Author

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  • Francesco Angelini

    () (Department of Economics, University of Bologna, Italy)

  • Massimiliano Castellani

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

Abstract

The concept of value in cultural economics has been one of the main topic of study in the last years, focusing on the distinction between economic and cultural value and on how these two values interact one with the other. However, a review of these studies lacks in literature, together with a scheme which represents the relationships between the cultural good's and the artist’s characteristics: this is what we propose in our paper, presenting a review of the cultural economics literature and then representing the above-mentioned relationships, as a preview of what we think could be the direction of the analysis of this issue.

Suggested Citation

  • Francesco Angelini & Massimiliano Castellani, 2017. "Cultural and economic value: A (p)review," Working Paper series 17-10, Rimini Centre for Economic Analysis, revised Jan 2018.
  • Handle: RePEc:rim:rimwps:17-10
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    References listed on IDEAS

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    Cited by:

    1. Francesco Angelini & Massimiliano Castellani, 2017. "Understanding the artwork pricing: some theoretical models," Working Paper series 17-25, Rimini Centre for Economic Analysis, revised Mar 2018.

    More about this item

    Keywords

    cultural good; cultural value; economic value; talent; fame;

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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