32500 - CULTURAL ECONOMICS

Conoscenze e abilità da conseguire

Student is expected to get a critical picture of mechanisms affecting the markets for the arts and culture. In particular, the student is expected to understand: - the economic features and the objective-functions of the various agents in the markets for the arts and culture - the importance and distribution of information - issues related to the market for contemporary art and to the economic value of creativity.

Contenuti

1. THE CULTURAL SYSTEM
Cultural economics: scope and evolution, connections with other disciplines, dilemmas among creative, technical, economic and financial profiles.
The value chain: economic, social and cultural value in the passage between manufacturing capitalism and knowledge-based economy.
Cultural organisations in the institutional framework, the experience of Fondazione Teatro Comunale di Bologna

D. Throsby, Economics of Culture, Cambridge, Cambridge University Press, chapters 1-2
M. Trimarchi, “From Ivory Towers to the Urban Texture: A Map of Future Culture”, unpublished manuscript
M. Trimarchi, “Principal-Agent Analysis”, in A Handbook of Cultural Economics, Second Edition, edited by Ruth Towse, Cheltenham, Elgar, 2011, pp. 356-361

2. CULTURAL CAPITAL, IMPACT AND SUSTAINABILITY
The range of funders, from individual consumers to corporate participation to the national community: analysis of the exchange channels. The impact of culture upon local and national economy.
Sustainability of cultural projects and institutions, from Brundtland's definition to an integrated view of material, financial and cognitive sustainability. Cultural compatibility: scope, limits and constraints.
Cultural markets in the emerging economic paradigm. Integration of analogic and digital channels and tools. Culture as a strategic driver for corporate, institutional and social growth

D. Throsby, Economics of Culture, Cambridge, Cambridge University Press, chapters 3-4
J.V. Schwartz and M. Trimarchi, “Qualifying success: a framework for measuring sustainable financing mechanisms for cultural projects and sites”, unpublished manuscript
M. Trimarchi, “Nomina sunt consequentia rerum: an economic definition of culture”, unpublished manuscript

3. SUPPLY AND DEMAND
The structure of cultural supply: creation, production, diffusion. Institutional and regulatory features of cultural enterprises. Human resources, range of skills, external interaction.
The integration of cultural system in time of converging supply and migrating demand: hypertext, cross-media, knowledge stratification, narrative islands.
The structure of cultural demand: appraisal processes, occasional and habitual consumers, analysis of non-demanders. Willingness-to-pay and price management.

D. Throsby, Economics of Culture, Cambridge, Cambridge University Press, chapter 5
M. Trimarchi, “Regulation, Integration and Sustainability in the Cultural Sector”, International Journal of Heritage Studies, 2004, vol. 10, n. 5, pp. 401-15
M. Trimarchi, “Market Options and Public Action for Opera”, in The Artful Economist. A New
Look at Cultural Economics, Springer, 2016, pp. 171-84

4. CULTURAL / CREATIVE INDUSTRIES, CULTURAL COMMONS
The economics and policy of creativity: territorial framework and cultural districts, time waves and exchange of ideas, imitation vs. specialization.
Cultural commons: between public goods and club experience. The value of intangible heritage and the re-appropriation of urban spaces.
The conflict between top-down and bottom-up cultural projects in the urban spaces: occupations, evictions, regulation of urban commons.

D. Throsby, Economics of Culture, Cambridge, Cambridge University Press, chapters 6-7
M. Trimarchi, “The Economics and Policy of Creativity: The Italian Perspective”, Creative
Industries Journal, 2009, vol. 2, n. 3, pp. 231-46
A. Carbone and M. Trimarchi, “Opera 2.0: Crowdsourcing the Stage”, in Cultural Commons.
A New Perspective on the Production and Evolution of Cultures (edited by E. Bertacchini, G.
Bravo, M. Marrelli and W. Santagata), Edward Elgar, 2012, pp. 228-40
V. Lenna and M. Trimarchi, “For a Culture of Urban Commons. Practices and Policies”, in
Art, Economics and the City. New Cultural Maps (edited by C. Benincasa, G. Neri and M.
Trimarchi), Bielefeld, Transcript, 2019, pp. 205-43

5. POLICY DESIGN AND FUNDING FOR THE ARTS
Public funding of culture: Baumol's Law and its critiques, technical features and political weakness of public subsidies, criteria, mechanisms and tools of public funding.
Public funding in an asymmetrical information framework: the importance of inkind subsidies. Regulatory capture and incentives to economic and social impact.
Taxation, regulation, and intellectual property rights.

D. Throsby, Economics of Culture, Cambridge, Cambridge University Press, chapter 8
M. Trimarchi and S. Monti, “Taxes and the Arts: a Dilemma between Constraints and Incentives”, in Rivista di Diritto Finanziario e Scienza delle Finanze, 2014, vol. 73, n. 4, pp. 533-48
F. Sabatini and M. Trimarchi, “Regulating the stage: storms, wrecks and lifebelts in the Italian experience”, Athens Journal of Mediterranean Studies, 2019, vol. 5, n. 2, pp. 105-20.

Modalità di verifica e valutazione dell'apprendimento

Exams will be based on the presentation of a cultural project selected by each candidate. The discussion will focus upon the territorial infrastructure, the structure of supply, the features of demand, the financial options and the possible policy actions aimed at supporting the project.

Orario di ricevimento

Consulta il sito web di Michele Trimarchi