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How to Manage Public Artworks? A Market Alternative to Deaccessioning

Author

Listed:
  • Claudia Amadei

    (CRIEP and Department of Economics and Management, University of Padova)

  • Marina Bertolini

    (CRIEP and Department of Economics and Management, University of Padova)

  • Luciano Greco

    (CRIEP and Department of Economics and Management, University of Padova)

Abstract
The case of Italy—that is representative of a global trend—highlights how a large part of movable cultural heritage is hidden in public museums’ warehouses and not even properly recorded. The legal framework, especially in Civil law countries, limits the scope for privatization as part of the optimal management of cultural assets. We propose a tradable long-term concession on movable artworks to enhance the incentives of selected private operators to invest in artworks’ extraction from public museums’ warehouses (i.e., inventory, exploitation, etc.). For fiscally constrained countries, the social and monetary values that derive from public cultural heritage increase compared to traditional exploitation schemes.

Suggested Citation

  • Claudia Amadei & Marina Bertolini & Luciano Greco, 2022. "How to Manage Public Artworks? A Market Alternative to Deaccessioning," "Marco Fanno" Working Papers 0282, Dipartimento di Scienze Economiche "Marco Fanno".
  • Handle: RePEc:pad:wpaper:0282
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    File URL: https://economia.unipd.it/sites/economia.unipd.it/files/20220282.pdf
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    More about this item

    Keywords

    movable cultural heritage; asset management; public-private partnerships; art market;
    All these keywords.

    JEL classification:

    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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