Bayesian Learning from Arts Goods? – A Comment

This comment considers the applicability of the Cyert and DeGroot model of adaptive utility in modeling consumer choice behavior with respect to arts goods. An illustration of the consumer’s choice behavior on expenditure shares is simulated as a simple Markov chain. This is followed by a discussion of policy implications regarding the pricing and subsidization of arts goods.     

Learning-by-Consuming and the Dynamics of the Demand and Prices of Cultural Goods

The major distinctive feature of cultural goods is that consumers must learn how to consume them, implying that preferences should be modelled as intertemporally dependent. The canonical model in the literature uses a habit formation analogy. In this paper, we discuss in detail, though in the simplest setup, a consistent preference structure for that model. Then, we derive the implications for the dynamics of two aggregate equilibrium models, a fixed price model and a flexible price model. The learning-by-consuming behaviour is characterised by a preference structure displaying bounded adjacent complementarity in the demand for the cultural good. This implies that there will be short run complementarity between the stocks of culture and financial wealth and that the adjustment of the demand for cultural goods, or of their relative price, will have some inertia. In the exogenous price model, we find that increases in income will raise the long run demand for cultural goods while increases in the relative price will decrease it. In the endogenous price model, an increase in the supply of cultural goods will imply an initial undershooting of the price of cultural goods followed by an upward transition process. Our results seem to be consistent with the empirical results on the demand for cultural goods and seem to offer an explanation for the Baumol and Bowen paradox.JEL Classification: Z1, E21Earlier versions of this paper have been presented at the 1st Conference of the Sociedade Portuguesa de Investigação em Economia (SPiE, 1997) and at the Xth Conference of the Association for Cultural Economics International, 1998, Barcelona.     

Preferences need no inferences, once again: germinal elements in the public perceptions of genetically modified foods in Colombia

This paper explores the public perceptions of genetically modified foods in Colombia in a phase considered germinal: the topic was too novel at the time of research. The analysis covers media, informal conversations, and the word associations made by a sample of residents in the city of Bogotá. The results show that the public capability of associating with the topic, even intuitively, is due to the availability of culture themes, the primary categories that help conceptual elaborations, and the construction of common-sense theories. Three themes are proposed: natural/artificial, tradition/change, and health/disease. It is argued that cultural themes are not only cognitive, but also affectively laden entities, which explains the evaluative force expressed by social beliefs. Acknowledging the relevance of the non-attitude thesis, the author suggests that people associate novel objects with latent cultural meanings, explaining why words, images, and metaphors are readily available in elaborating social knowledge.     

Teachers' Prestige in Spain: probing the public's and the teachers' contrary views

We use the results of a public opinion survey we carried out in 2012 on a sample of the Spanish adult population to offer a plausible explanation of one of the main conundrums of primary and secondary school teachers' prestige, not only in Spain, i.e. that, contrary to public discourse and to teachers' perceptions, this prestige has not fallen in the last decades, but has remained middle to high. The estimates of teachers' prestige made by the public are the same (roughly, around 70 in a 0 to 100 scale) as those that were measured in the early 1990s. However, a clear majority of the public believes that teachers' prestige has fallen in the last decades, reiterating a cliché that is widespread in the Spanish public sphere, especially among teachers. We hypothesise that the perception of the falling prestige is much more a matter of a public space dominated by the media than of a public space that is more confined to everyday experiences and to the citizens' basic values. We support our hypothesis with pieces of empirical evidence related, on the one hand, to the association of that perception with media consumption variables in our survey, and, on the other, to media (negative) treatment of teachers' prestige. In our argument, we are also helped by a literature that is not usually dealt with in studies of teachers' prestige: that of media influence in the formation of public opinions regarding other people's opinions.