Superstars And Mediocrities
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Superstars And Mediocrities
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Author : Marko Terviö
language : en
Publisher:
Release Date : 2009
Superstars And Mediocrities written by Marko Terviö and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
The basic problem facing most labor markets is that workers can neither commit to long-term wage contracts nor can they self finance the costs of production. I study the effects of these imperfections when talent is industry-specific, it can only be revealed on the job, and once learned becomes public information. I show that firms bid excessively for the pool of incumbent workers at the expense of trying out new talent. The workforce is then plagued with an unfavorable selection of individuals: there are too many mediocre workers, whose talent is not high enough to justify them crowding out novice workers with lower expected talent but with more upside potential. The result is an inefficiently low level of output but higher wages for known high talents. This problem is most severe where information about talent is initially very imprecise and the complementary costs of production are high. I argue that high incomes in professions such as entertainment, management, and entrepreneurship, may be explained by the nature of the talent revelation process, rather than by an underlying scarcity of talent.
Performing Identity
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Author : Barry King
language : en
Publisher: Springer Nature
Release Date :
Performing Identity written by Barry King and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The Talent Industry
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Author : Raymond Boyle
language : en
Publisher: Springer
Release Date : 2018-07-28
The Talent Industry written by Raymond Boyle and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-28 with Performing Arts categories.
This book explores how the digital multiplatform delivery of television is affecting the role performed by cultural intermediaries responsible for talent identification and development. Drawing on original research from key stakeholders across the television and social video sectors such as broadcasters, commissioning editors and talent agents, it investigates whether the process of digitization is offering new pathways to capture and nurture a diverse talent base within the UK television industry. It also provides an in-depth study of how the term ‘talent’ has historically been interpreted and understood within the UK television industry through the BBC and commercial PSB’s, such as ITV and Channel 4. The Talent Industry investigates how the traditional gatekeepers of talent in television are changing and examines the key role of talent agencies in managing and promoting contemporary on and off-screen talent in the digital age.
Handbook Of Cultural Economics Third Edition
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Author : Ruth Towse
language : en
Publisher: Edward Elgar Publishing
Release Date : 2020-03-28
Handbook Of Cultural Economics Third Edition written by Ruth Towse and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-28 with Business & Economics categories.
Cultural economics has become well established as a subject of interest for students and teachers of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitisation has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.
A Handbook Of Cultural Economics
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Author : Ruth Towse
language : en
Publisher: Edward Elgar Publishing
Release Date : 2011-01-01
A Handbook Of Cultural Economics written by Ruth Towse and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-01 with Social Science categories.
The second edition of this widely acclaimed and extensively cited collection of original contributions by specialist authors reflects changes in the field of cultural economics over the last eight years. Thoroughly revised chapters alongside new topics and contributors bring the Handbook up-to-date, taking into account new research, literature and the impact of new technologies in the creative industries. The book covers a range of topics encompassing the creative industries as well as the economics of the arts and culture, and includes chapters on: economics of art (including auctions, markets, prices, anthropology), artists' labour markets, creativity and the creative economy, cultural districts, cultural value, globalization and international trade, the internet, media economics, museums, non-profit organisations, opera, performance indicators, performing arts, publishing, regulation, tax expenditures, and welfare economics.
Inside And Outside Liquidity
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Author : Bengt Holmstrom
language : en
Publisher: MIT Press
Release Date : 2013-01-11
Inside And Outside Liquidity written by Bengt Holmstrom and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-11 with Business & Economics categories.
Two leading economists develop a theory explaining the demand for and supply of liquid assets. Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can the state and international financial markets make up for a shortage of liquid assets, allowing agents to save and share risk more effectively? These questions are at the center of all financial crises, including the current global one. In Inside and Outside Liquidity, leading economists Bengt Holmström and Jean Tirole offer an original, unified perspective on these questions. In a slight, but important, departure from the standard theory of finance, they show how imperfect pledgeability of corporate income leads to a demand for as well as a shortage of liquidity with interesting implications for the pricing of assets, investment decisions, and liquidity management. The government has an active role to play in improving risk-sharing between consumers with limited commitment power and firms dealing with the high costs of potential liquidity shortages. In this perspective, private risk-sharing is always imperfect and may lead to financial crises that can be alleviated through government interventions.
Handbook Of The Economics Of Art And Culture
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Author :
language : en
Publisher: Newnes
Release Date : 2013-09-16
Handbook Of The Economics Of Art And Culture written by and has been published by Newnes this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-16 with Business & Economics categories.
This volume emphasizes the economic aspects of art and culture, a relatively new field that poses inherent problems for economics, with its quantitative concepts and tools. Building bridges across disciplines such as management, art history, art philosophy, sociology, and law, editors Victor Ginsburgh and David Throsby assemble chapters that yield new perspectives on the supply and demand for artistic services, the contribution of the arts sector to the economy, and the roles that public policies play. With its focus on culture rather than the arts, Ginsburgh and Throsby bring new clarity and definition to this rapidly growing area. Presents coherent summaries of major research in art and culture, a field that is inherently difficult to characterize with finance tools and concepts Offers a rigorous description that avoids common problems associated with art and culture scholarship Makes details about the economics of art and culture accessible to scholars in fields outside economics
Creators Income Situation In The Digital Age
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Author : World Intellectual Property Organization
language : en
Publisher: WIPO
Release Date : 2018
Creators Income Situation In The Digital Age written by World Intellectual Property Organization and has been published by WIPO this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Law categories.
The digital transformation imposes both opportunities and risks for creativity and for creative employment, with implications for trends in income levels and the distribution of income. First, we consider skill-biased technological change as a determinant of income and labor market outcomes in the arts. Arguably, the IT revolution has changed the demand for certain skills, with creative occupations being more in demand than general employment. Second, we consider declines in the costs of generating new works and artistic experimentation due to digital technologies, and their effect on the barriers to entry in labor markets. Third, we touch upon the rise of online contract labor in certain creative professions as a determinant of income. Here, online platforms can change creators’ access to work opportunities and it may alter the way income is distributed. We find that wage trends for creative workers in the digital age outperform general trends in the population: based on various data sources and various ways to identify creators, we see creators losing less or even gaining a better income position in relative terms. From a policy perspective, results do not lend support to the idea that creators’ income situation has systematically worsened with the rise of the internet and its intermediaries. Evidence on changing distributions of income is ambiguous as trends differ from one country to the next.
The Zen Approach To Project Management
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Author : George Pitagorsky
language : en
Publisher: www.iil.com/publishing
Release Date : 2007
The Zen Approach To Project Management written by George Pitagorsky and has been published by www.iil.com/publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
Projects are often more complex and stressful than they need to be. Far too many of them fail to meet expectations. There are far too many conflicts. There are too few moments of joy and too much anxiety. But there is hope. It is possible to remove the unnecessary stress and complexity. This book is about how to do just that. It links the essential principles and techniques of managing projects to a "wisdom" approach for working with complex, people-based activities. Project management becomes a metaphor for how we can live our lives and, if we follow the wisdom traditions, the way we live our lives becomes a metaphor for how to manage projects. The book guides readers in exploring how to: .Remove unnecessary stress and complexity from your projects .Apply mindfulness and open mindedness to cut through the barriers to personal self-actualization .Manage expectations to ensure that people get what they need, when they need it and for the cost they expected to pay and that they accept what they get .Manage performance to cut through interpersonal and intrapersonal issues that get in the way of excellence .Break free of self-imposed barriers to creative thinking, conflict resolution and problem solving .Remain calm and energetic while being active and effective in the face of chaos, fear, resistance to change, unrealistic demands, conflict and the other aspects of project life that cause stress
Economic Analysis Of The Digital Economy
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Author : Avi Goldfarb
language : en
Publisher: University of Chicago Press
Release Date : 2015-05-08
Economic Analysis Of The Digital Economy written by Avi Goldfarb and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-08 with Business & Economics categories.
There is a small and growing literature that explores the impact of digitization in a variety of contexts, but its economic consequences, surprisingly, remain poorly understood. This volume aims to set the agenda for research in the economics of digitization, with each chapter identifying a promising area of research. "Economics of Digitization "identifies urgent topics with research already underway that warrant further exploration from economists. In addition to the growing importance of digitization itself, digital technologies have some features that suggest that many well-studied economic models may not apply and, indeed, so many aspects of the digital economy throw normal economics in a loop. "Economics of Digitization" will be one of the first to focus on the economic implications of digitization and to bring together leading scholars in the economics of digitization to explore emerging research.