Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that...

Despite numerous studies on skill development, we know little about the causal effects of music training on cognitive and non-cognitive skills. This study examines how long-term music training during childhood and youth affects the development of cognitive skills, school grades, personality,...

Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa's economy is the least developed...

We propose a method to construct a price index of cultural consumption in geographic space. The index — the CCPI — is calculated from a standardised cultural consumption basket purchased by a representative consumer over 30 locations in Australia, using 2010 price data. We use a full cost...

Do lower input prices to creative production reduce output prices or do they increase product variety? We propose an evolutionary model connecting price dynamics in input markets to innovation and variety generation in output markets. Lower input prices may be competed away in market share...

The objective of this paper is to explain how ‘nudge theory', as formulated by Thaler and Sunstein, can be successfully applied to alleviate the incidence of terrorism. It briefly explains ‘nudge theory' and associated concepts, provides evidence of its successful application in recent times...

Spanish Abstract: El artículo tiene por objetivo rastrear elementos clave desde el pensamiento económico que en principio limitaron y posteriormente permitieron el acercamiento de la economía al análisis de los bienes y servicios culturales. La contribución del artículo es doble. Por un...

Four types of 'economics' relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an extension of...

I report historical prices and estimate financial returns to investing in rare books. My sample consists of 25 fiction titles recommended by Clifton Fadiman in his 1960 Lifetime Reading Plan. Relying on prices realized at American and British auction houses between 1975 and 2018, I use hedonic...

Objective: This paper aims to review the function of marketing in the field of museum management and offers practical and creative solutions for museums to successfully balance the conflict between the museums' sustainable operation and their original functions, such as education and...