Determining the Value of Cultural Goods: How Much (or How Little) Does Contingent Valuation Tell Us?

Contingent valuation methods (CVM) are now well established as a means of measuring the nonmarket demand for cultural goods and services. When combined with valuations provided through market processes (where relevant), an overall assessment of the economic value of cultural commodities can be obtained. Within a neoclassical framework, such assessments are thought to provide a complete picture of the value of cultural goods. But are there aspects of the value of cultural goods which are not fully captured, or not captured at all, within such a model? This paper argues that CVM provides an incomplete view of the nonmarket value of cultural goods, and that alternative measures need to be developed to provide a fuller account.     

Making news of value: exploiting dissonances in economic journalism

This article explores the multiple modes of valuation that pervade newsmaking in economic journalism. It does so by exploring the different ways in which journalists at Valor Econômico, the leading economic newspaper in Brazil, compete and cooperate in the production of news. Valor is a paradigmatic case for discussing valuation practices in newsmaking since its institutional promise is to produce news of value. How, if at all, do Valor journalists embrace the promise of producing news that generates value? Elaborating on Stark’s (2009. The sense of dissonance. Accounts of worth in economic life. Princeton University Press) idea of dissonance, it is contended that different orders of worth collide and cooperate within Valor newsroom. Moreover, journalists engage in a variety of valuation practices through which these orders of worth are shaped, defined, and refined, reflecting different understandings of economy and society, and different conceptions of what journalism is good for. I argue that Valor’s direction intentionally fosters a plural space of value dissonance in order to improve the quality of news reporting. I emphasise, however, that these dissonances are only productive against a larger background of consonance about what actually there is to disagree about. The article is based on a seven-month ethnography of Valor’s newsroom in São Paulo between 2013 and 2015.     

Mapping the intermediate: lived technologies of money and value

ABSTRACT

As financial transactions are increasingly digitized, old and new kinds of intermediaries are only expanding in importance. Intermediaries, mediators and brokers sit at critical junctures and operate between diverse financial arenas and pathways. We argue that mapping the intermediate entails identifying how different kinds of actors—human and non-human, objects and interfaces, institutions and practices—delimit or reify but also stitch together and overcome spatial and temporal differences in people's financial lives, while taking on varying burdens of risk. Mapping the intermediate is both an empirical and methodological exercise. Empirically, it requires following the agents and traders, brokers and material objects that facilitate transactions and add, extract, or re-work different kinds of value. Methodologically, intermediaries and the intermediate are not only the objects of analysis but act as analytical tools in their own right, making the process and politics of transactions visible and tangible. Attending to the intermediate in our inquiries around money, currency and new digital financial technologies, thereby, offers new directions for grounding finance in politics and history and better connecting micro and macro and local and global economic processes.     

Combining the travel cost and contingent behavior methods to value cultural heritage sites: Evidence from Armenia

This paper combines the travel cost method (TCM) with contingent behavior questions to estimate domestic visitors’ use values for cultural heritage sites in Armenia, a transition economy in which conservation of cultural monuments is hampered by limited resources. Respondents intercepted at four cultural monuments provided information on their visitation patterns, experience at the site, perception of the state of conservation of the monuments, and rating of the quality of the services and infrastructure. We combine actual trips with stated trips under hypothetical programs that would enhance the conservation of the monuments and improve one of (i) the cultural experience at the site, (ii) the quality of the infrastructure, or (iii) the quality of the services, and use the combined actual and stated trips to fit a panel data model. Our study is one of the few applications of the TCM to value cultural heritage sites. Our investigation shows that (i) significant use values are associated with the four study monuments, and (ii) conservation programs and initiatives that improve the cultural experience, or simply make it easier for the respondent to reach and spend time at the monument, are valued by domestic visitors and would encourage higher visitation rates. Actual and intended trips reported by the respondents exhibit good construct validity, in the sense that they are well predicted by price, location, hypothetical scenario and other individual characteristics of the respondents.

Contingent Valuation and Semiparametric Methods: A Case Study of the National Museum of Sculpture in Valladolid, Spain

Research on cultural economics is very interested in the economic valuation of non-market goods, particularly in the field ofcultural heritage where contingent valuation techniques are currently being used with both parametric and non-parametric statistical methods to estimate the willingness to pay for cultural goods. In the literature analysed, the number of studies using semiparametric methods, however, is very limited. Our analysis is intended to help fill this gap by offering a parametric, non-parametric and semiparametric economic valuation of the National Museum of Sculpture (Museo Nacional de Escultura), located in Valladolid,Spain. In addition, we also gain insight on a controversial issue affecting most European museums, particularly those located in Latin countries: the role voluntary donations might play in the funding of public museums.     

Contingent Valuation and Cultural Resources: A Meta-Analytic Review of the Literature

Contingent valuation methodology (CVM) has been increasingly applied to cultural resources. CVM employs survey methods to gather stated preference information, which can be used to estimate economic values of various cultural resources and projects. Although popular in other fields, the application of CVM in the cultural arena is relatively recent. This article summarizes this growing body of empirical literature and its range of findings. A meta-analysis gives a statistical view of the ``state of the art' of the literature. This preliminary analysis sheds light on the consistency and validity of the use of this method in cultural applications.     

Keeping things different: coexistence within European markets for cleantech and biofuels

Environmental policy increasingly resorts to market-based instruments in order to meet sustainability objectives. The ‘carbon market’ instituted by the European Emissions Trading directive from 2003 is a canonical example, which has been described, and critiqued, as a delegation of policy objectives to market exchanges. In this paper, we examine the complex ways in which the operationalization of policy objectives and the organization of markets are intertwined, focusing on two other examples of European environmental regulation. The first one is the Integrated Pollution Prevention and Control directive from 1996, which defined the ‘best available techniques’ to curb emissions in air, water and soil. The second one is the Renewable Energy Directive from 2009, which introduced criteria for the definition of the sustainability of biofuels. Through the analysis of the design and implementation of these two directives, we identify a central concern for the coexistence of various objects, and various initiatives undertaken by European institutions, member states and private actors. We use the notion of coexistence to describe a European political and economic ordering that is inherently hybrid, and cannot be reduced to a mere delegation of policy objectives to the market, or a legal constraint imposed on all European actors. It grounds its political legitimacy and economic rationality on the distribution of roles and responsibilities across public and private actors, and on the ability to ‘keep things different’ according to local variabilities.     

Speech genres and cultural value in the Anglo-American public speaking course as a site of language socialization

Speech genres have a significant role in socializing children and adults not only to speak in culturally appropriate ways but also to present desirable identities. We analyze narratives of self-transformation collected in an undergraduate public speaking course in the United States to learn how the acquisition of public speaking as a speech genre contributes to U.S. students’ language socialization. Our study contributes to two traditions of intercultural communication research, one interested in the context-bound, culturally situated character of Anglo-American speech, and another that seeks to explain how local communication resources, including speech genres, travel across cultural boundaries.     

The Economic Dimension of the Culture and Leisure Industry in Spain: National, Sectoral and Regional Analysis

This article analyses the economic dimension of a set of activities groupedunder the heading, Culture and Leisure Industry, from three complementaryperspectives: national (Spain), sectoral and regional. Particular emphasis isplaced on determining the value added generated by this industry and itscontribution to the Gross Domestic Product – 4.5% – as wellas showing its level of employment both in absolute terms and as a percentageof the number of employees in the economy – 7.8%. This is apioneer project; studies in this field on either a national or internationalscale are scarce. The study demonstrates that the cultural sector is aproductive activity generating wealth in Spain. However, a high degree ofheterogeneity is found at both the sectoral and regional levels. Economicactivity is led by Performing, Musical and Audiovisual Arts (mainlyTelevision) and Publishing and Printing, which jointly account for about70% of sales and gross value added, and it is concentrated in similarproportions in developed regions specialized in service industries, Madrid andCatalonia, where most culture and leisure activities are available.     

The buy-out/property right share choice in film financing: Financial rationing,adverse selection and the bayesian dilemma

Reduced state support of film financing in Europe requires the creation of an efficient market of private cinema financiers. Principal-agent models with and without common consent over film risk show that the two main problems of film financing (high risk and lack of collateral for the borrower) may be solved if the financier achieves economies of scale in costs of capital and is efficient in information gathering. Conversely, the pathology of a market with inefficient financiers includes: film financial rationing, adverse selection, and refusal of financial support to otherwise profitable film projects. From the normative point of view, the creation of efficient financiers would be fostered by institutional changes that promote market thickening and risk spreading (the case of the USA) instead of simple forms of risk shifting (the case of Italy).     

Economies of Expertise: Consultants and the Assemblage of Culture

Consultants have emerged as significant actors in the assembling of culture after neoliberalism. This paper considers their role in the assemblage of the British subsidised cultural sector as part of the assembling of culture more generally. In particular, it is concerned with the status of consultants as private sector actors, which differentiates them from other forms of expertise that tend to be located in the state apparatus, in that they must earn money to resource their work and remain solvent. By placing their work of assemblage in relation to this imperative, we can understand the difference it makes. Based on a close study of a London cultural consultancy, it is argued that specific governmental and managerial trends send trajectories of value through the assemblage which the networked consultants attempt to control and capture. These economies have seen consultants contribute to the broad shift in the assemblage of culture from something that occupied a distinctive sphere requiring protection from the ravages of the market to a potential contributor to economic and social development.     

Commemorative places,political spaces: Virginia Indians,the Jamestown Quadricentennial,and the quest for sovereignty

ABSTRACT

This essay examines the cross-cultural communication strategies deployed by a coalition of indigenous tribes in Virginia to leverage the Quadricentennial commemoration of the founding at Jamestown in support of their sovereignty campaign. The tensions between Jamestown’s mythos as the “birthplace of democracy” and the natives’ historical and contemporary lived experiences, combined with the national and international attention focused on the events, constructed the 400th anniversary “celebrations” as a compelling location for social action. The coalition employed intercultural communicative practices—particularly cross-cultural dialogue and negotiation—as means of mobilizing these tensions to renegotiate their relationship with the federal government, illustrating the intersection of intercultural communication, memory, and identity.     

基于数字技术的历史街区空间更新与文化价值活化设计 ——以南京南捕厅历史街区为例

以南京市南捕厅历史街区为例,通过综合运用三维地理信息系统、多元异构时空数据分析、历史信息比对等技术手段,展示了复合历史空间导向的数字化保护与更新实践.通过无人机倾斜摄影测量技术,对历史街区的大场景进行纹理数据采集,构建整个历史街区的三维数据模型.在历史研究的基础上,为历史街区更新构建合理的历史空间形态框架,并对历史街巷...     

Price and the person: markets,discrimination, and personhood

ABSTRACT

This paper explores how pricing has historically been involved in the making up of persons and how the ability to ‘personalize’ price is reconfiguring the ability of markets to discriminate. We discuss a variety of contemporary pricing practices, and three types of personhood they produce: generic, protected, and transcontextual. While some contemporary developments in pricing draw on understandings of the person that are quite familiar, others are novel and likely to be contested. We argue that many newer pricing techniques make it harder for consumers to identify themselves as part of a recognized group. We conclude that contemporary price personalization should be understood in terms of the intensification of individualization in combination with dividualization, and as such, contributes to novel and consequential forms of classification.     

Constructing a Landscape for Postwar Science: Roger Revelle,the Scripps Institution and the University of California,San Diego

This paper explores Roger Revelle's activities in oceanography and institution-building during and after the Second World War. In particular, it explores his shift from a wartime acceptance of science serving mission-oriented objectives, to a defence ofthe distinction between basic and applied science. For Revelle, the Federal government, and especially the military, became theguarantor of basic research in oceanography. This understanding led him to privilege military sponsorship over contract research,and the physical over the biological sciences. He drew upon that understanding to construct a unique institutional geography for science in southern California.     

人本视角下的历史文化名镇保护规划实施评估体系研究 ——以周庄古镇为例

规划实施评估作为城乡规划编制的重要一环,作用日渐凸显,尤其对于历史文化名镇保护规划的实施评估更为重要.其不仅能全面了解保护规划实施效果的真实情况,也利于摸清"家底",找准保护工作中的短板,进而在新一轮保护规划中,以此为要义,有针对性地提出保护措施和发展路径.以周庄古镇为例,将"人"的感受和作用纳入评估对象,坚持真实性、...     

Media Framing of Terrorism: Implications for Public Opinion,Civil Liberties,and Counterterrorism Policies

Abstract

This study presents experimental findings on the impact of media framing of the 2005 London bombings. A total of 371 American participants were exposed to one of two frames to test their effect on public attitudes towards civil liberties and Muslims, and support for counterterrorism policies. Results show that the “domestic homegrown” frame produces greater increases in fear than the “international” frame. This leads to greater support for restricting civil liberties of Muslims and, under certain circumstances, general feelings of negativity toward Muslims. The study also finds support for the hydraulic effect of framing in that the domestic homegrown frame suppresses party identification in attitude formation.