How to Manage Public Artworks? A Market Alternative to Deaccessioning
Marina Bertolini and
Luciano Greco ()
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Claudia Amadei: CRIEP and Department of Economics and Management, University of Padova
Marina Bertolini: CRIEP and Department of Economics and Management, University of Padova
No 282, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"
The case of Italyâ€”that is representative of a global trendâ€”highlights how a large part of movable cultural heritage is hidden in public museumsâ€™ 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 artworksâ€™ extraction from public museumsâ€™ 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.
Keywords: movable cultural heritage; asset management; public-private partnerships; art market (search for similar items in EconPapers)
JEL-codes: H44 H82 Z11 Z18 (search for similar items in EconPapers)
Pages: 25 pages
New Economics Papers: this item is included in nep-cul
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0282
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