Edited by Ruth Towse, Professor of Economics of Creative Industries, CIPPM, Bournemouth University and CREATe Fellow in Cultural Economics, University of Glasgow, UK and Trilce Navarrete Hernández, Lecturer in Cultural Economics, Erasmus University Rotterdam, the Netherlands

• Contents:Preface xiIntroduction 1Ruth Towse and Trilce Navarrete Hernández1 Application of welfare economics to the arts 9William J. Baumol2 Art auctions 19Orley Ashenfelter and Kathryn Graddy3 Art dealers 29Olav Velthuis4 Artificial intelligence 38Joëlle Farchy and Juliette Denis5 Artists’ labour markets 46Trine Bille6 Artists’ resale rights 56Victor Ginsburgh and Clare McAndrew7 Artists’ rights 66Michael Rushton8 Broadcasting 72Glenn Withers9 Business models 82Pierre-Jean Benghozi10 Contingent valuation 95Tiziana Cuccia11 Contract theory and information goods 106Richard Watt12 Copyright 116William M. Landes13 Cost of production 129Víctor Fernández-Blanco and Juan Prieto-Rodríguez14 Creative industries 137Ruth Towse15 Creativity 145Karol Jan Borowiecki16 Criticism 154Samuel Cameron17 Crowdfunding 158Carolina Dalla Chiesa and Christian Handke18 Cultural capital 168David Throsby19 Cultural districts 174Mariangela Lavanga20 Cultural diversity 183Heritiana Ranaivoson21 Cultural entrepreneurship 192Mark Blaug and Ruth Towse22 Cultural statistics 197David Throsby23 Cultural value 206Jen D. Snowball24 Demand 216Jordi McKenzie and Sunny Y. Shin25 Digital piracy 228Jordi McKenzie26 Digitization in the cultural industries 235Joel Waldfogel27 Economic impact of the arts 241Bruce A. Seaman28 Event cinema 254Allègre L. Hadida29 Festivals 262Bruno S. Frey30 Google Trends data 266Olivier Gergaud and Victor Ginsburgh31 Heritage 279Françoise Benhamou32 Information goods 287Michael Hutter33 Intangible cultural heritage 294Tiziana Cuccia34 Intermediaries 304Paolo Di Caro, Luigi Di Gaetano and Isidoro Mazza35 International trade 311Günther G. Schulze36 Marketing the arts 320François Colbert37 Media economics and regulation 329Gillian Doyle38 Motion-picture industry 339Darlene C. Chisholm and Yu-Hsi Liu39 Museums 349Víctor Fernández-Blanco and Juan Prieto-Rodríguez40 Music industry 358Christian Handke41 Music publishing 371Ruth Towse42 Non-profit organizations 379Dick Netzer (updated by Bruce A. Seaman)43 Orchestras 392Luis César Herrero-Prieto and Mafalda Gómez-Vega44 Participation 399Victoria Ateca-Amestoy45 Performance indicators 408Trilce Navarrete Hernández46 Performing arts 415Ruth Towse47 Platforms 421Maya Bacache-Beauvallet and Marc Bourreau48 Political economy 430Isidoro Mazza49 Pricing the arts 441Michael Rushton50 Public support 449Bruno S. FreyIndex

'Ruth Towse and Trilce Navarrete Hernandez are leading lights in cultural economics, and the third edition of the Handbook of Cultural Economics once again is the go-to source for research and wisdom in this area of research, impressive for both its depth and breadth.'--Tyler Cowen, George Mason University, US

Edited by Ruth Towse, Professor of Economics of Creative Industries, CIPPM, Bournemouth University and CREATe Fellow in Cultural Economics, University of Glasgow, UK and Trilce Navarrete Hernández, Lecturer in Cultural Economics, Erasmus University Rotterdam, the Netherlands

• Contents:Preface xiIntroduction 1Ruth Towse and Trilce Navarrete Hernández1 Application of welfare economics to the arts 9William J. Baumol2 Art auctions 19Orley Ashenfelter and Kathryn Graddy3 Art dealers 29Olav Velthuis4 Artificial intelligence 38Joëlle Farchy and Juliette Denis5 Artists’ labour markets 46Trine Bille6 Artists’ resale rights 56Victor Ginsburgh and Clare McAndrew7 Artists’ rights 66Michael Rushton8 Broadcasting 72Glenn Withers9 Business models 82Pierre-Jean Benghozi10 Contingent valuation 95Tiziana Cuccia11 Contract theory and information goods 106Richard Watt12 Copyright 116William M. Landes13 Cost of production 129Víctor Fernández-Blanco and Juan Prieto-Rodríguez14 Creative industries 137Ruth Towse15 Creativity 145Karol Jan Borowiecki16 Criticism 154Samuel Cameron17 Crowdfunding 158Carolina Dalla Chiesa and Christian Handke18 Cultural capital 168David Throsby19 Cultural districts 174Mariangela Lavanga20 Cultural diversity 183Heritiana Ranaivoson21 Cultural entrepreneurship 192Mark Blaug and Ruth Towse22 Cultural statistics 197David Throsby23 Cultural value 206Jen D. Snowball24 Demand 216Jordi McKenzie and Sunny Y. Shin25 Digital piracy 228Jordi McKenzie26 Digitization in the cultural industries 235Joel Waldfogel27 Economic impact of the arts 241Bruce A. Seaman28 Event cinema 254Allègre L. Hadida29 Festivals 262Bruno S. Frey30 Google Trends data 266Olivier Gergaud and Victor Ginsburgh31 Heritage 279Françoise Benhamou32 Information goods 287Michael Hutter33 Intangible cultural heritage 294Tiziana Cuccia34 Intermediaries 304Paolo Di Caro, Luigi Di Gaetano and Isidoro Mazza35 International trade 311Günther G. Schulze36 Marketing the arts 320François Colbert37 Media economics and regulation 329Gillian Doyle38 Motion-picture industry 339Darlene C. Chisholm and Yu-Hsi Liu39 Museums 349Víctor Fernández-Blanco and Juan Prieto-Rodríguez40 Music industry 358Christian Handke41 Music publishing 371Ruth Towse42 Non-profit organizations 379Dick Netzer (updated by Bruce A. Seaman)43 Orchestras 392Luis César Herrero-Prieto and Mafalda Gómez-Vega44 Participation 399Victoria Ateca-Amestoy45 Performance indicators 408Trilce Navarrete Hernández46 Performing arts 415Ruth Towse47 Platforms 421Maya Bacache-Beauvallet and Marc Bourreau48 Political economy 430Isidoro Mazza49 Pricing the arts 441Michael Rushton50 Public support 449Bruno S. FreyIndex

'Ruth Towse and Trilce Navarrete Hernandez are leading lights in cultural economics, and the third edition of the Handbook of Cultural Economics once again is the go-to source for research and wisdom in this area of research, impressive for both its depth and breadth.'--Tyler Cowen, George Mason University, US

Edited by Ruth Towse, Professor of Economics of Creative Industries, CIPPM, Bournemouth University and CREATe Fellow in Cultural Economics, University of Glasgow, UK and Trilce Navarrete Hernández, Lecturer in Cultural Economics, Erasmus University Rotterdam, the Netherlands

• Contents:Preface xiIntroduction 1Ruth Towse and Trilce Navarrete Hernández1 Application of welfare economics to the arts 9William J. Baumol2 Art auctions 19Orley Ashenfelter and Kathryn Graddy3 Art dealers 29Olav Velthuis4 Artificial intelligence 38Joëlle Farchy and Juliette Denis5 Artists’ labour markets 46Trine Bille6 Artists’ resale rights 56Victor Ginsburgh and Clare McAndrew7 Artists’ rights 66Michael Rushton8 Broadcasting 72Glenn Withers9 Business models 82Pierre-Jean Benghozi10 Contingent valuation 95Tiziana Cuccia11 Contract theory and information goods 106Richard Watt12 Copyright 116William M. Landes13 Cost of production 129Víctor Fernández-Blanco and Juan Prieto-Rodríguez14 Creative industries 137Ruth Towse15 Creativity 145Karol Jan Borowiecki16 Criticism 154Samuel Cameron17 Crowdfunding 158Carolina Dalla Chiesa and Christian Handke18 Cultural capital 168David Throsby19 Cultural districts 174Mariangela Lavanga20 Cultural diversity 183Heritiana Ranaivoson21 Cultural entrepreneurship 192Mark Blaug and Ruth Towse22 Cultural statistics 197David Throsby23 Cultural value 206Jen D. Snowball24 Demand 216Jordi McKenzie and Sunny Y. Shin25 Digital piracy 228Jordi McKenzie26 Digitization in the cultural industries 235Joel Waldfogel27 Economic impact of the arts 241Bruce A. Seaman28 Event cinema 254Allègre L. Hadida29 Festivals 262Bruno S. Frey30 Google Trends data 266Olivier Gergaud and Victor Ginsburgh31 Heritage 279Françoise Benhamou32 Information goods 287Michael Hutter33 Intangible cultural heritage 294Tiziana Cuccia34 Intermediaries 304Paolo Di Caro, Luigi Di Gaetano and Isidoro Mazza35 International trade 311Günther G. Schulze36 Marketing the arts 320François Colbert37 Media economics and regulation 329Gillian Doyle38 Motion-picture industry 339Darlene C. Chisholm and Yu-Hsi Liu39 Museums 349Víctor Fernández-Blanco and Juan Prieto-Rodríguez40 Music industry 358Christian Handke41 Music publishing 371Ruth Towse42 Non-profit organizations 379Dick Netzer (updated by Bruce A. Seaman)43 Orchestras 392Luis César Herrero-Prieto and Mafalda Gómez-Vega44 Participation 399Victoria Ateca-Amestoy45 Performance indicators 408Trilce Navarrete Hernández46 Performing arts 415Ruth Towse47 Platforms 421Maya Bacache-Beauvallet and Marc Bourreau48 Political economy 430Isidoro Mazza49 Pricing the arts 441Michael Rushton50 Public support 449Bruno S. FreyIndex

'Ruth Towse and Trilce Navarrete Hernandez are leading lights in cultural economics, and the third edition of the Handbook of Cultural Economics once again is the go-to source for research and wisdom in this area of research, impressive for both its depth and breadth.'--Tyler Cowen, George Mason University, US