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Cultural capital and demand

Author

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  • Victoria Ateca - Amestoy

    (UPV, University of the Basque Country)

Abstract

In this paper we develop a theoretical model that investigates the demand for cultural goods under the assumption of cultural capital and rational addiction. We also consider the effect of a policy intervention in order to raise the initial stock of cultural capital of a given individual, both on individual demand and on supply. Finally, we discuss on the effectiveness of such policies by translating our model to a dynamic framework.

Suggested Citation

  • Victoria Ateca - Amestoy, 2007. "Cultural capital and demand," Economics Bulletin, AccessEcon, vol. 26(1), pages 1-9.
    • Handle: RePEc:ebl:ecbull:eb-07z10012
    as

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    File URL: http://www.accessecon.com/pubs/EB/2007/Volume26/EB-07Z10012A.pdf
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    References listed on IDEAS

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    1. West, Edwin G & McKee, Michael, 1983. "De Gustibus Est Disputandum: The Phenomenon of "Merit Wants" Revisited," American Economic Review, American Economic Association, vol. 73(5), pages 1110-1121, December.
    2. Louis Lévy-Garboua & Claude Montmarquette, 1996. "A microeconometric study of theatre demand," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 20(1), pages 25-50, March.
    3. Becker, Gary S & Murphy, Kevin M, 1988. "A Theory of Rational Addiction," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August.
    4. David Throsby, 2011. "Cultural Capital," Chapters, in: Ruth Towse (ed.), A Handbook of Cultural Economics, Second Edition, chapter 20, Edward Elgar Publishing.
    5. Stigler, George J & Becker, Gary S, 1977. "De Gustibus Non Est Disputandum," American Economic Review, American Economic Association, vol. 67(2), pages 76-90, March.
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    Cited by:

    1. Francesco Angelini & Massimiliano Castellani, 2019. "Cultural and economic value: a critical review," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(2), pages 173-188, June.
    2. Ateca Amestoy, Victoria Maria, 2009. "El capital humano como determinante del consumo cultural/," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 27, pages 89-112, Abril.
    3. Montoro Pons, Juan D. & Cuadrado García, Manuel, 2009. "Determinantes del éxito comercial en las industrias culturales. Análisis del sector fonográfico en España/," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 27, pages 253-272, Abril.
    4. Masaki Katsuura, 2012. "Lead–lag relationship between household cultural expenditures and business cycles," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 36(1), pages 49-65, February.
    5. Victoria Ateca-Amestoy, 2008. "Determining heterogeneous behavior for theater attendance," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 32(2), pages 127-151, June.
    6. Apergis, Nicholas & Hayat, Tasawar & Kadasah, Nasser A., 2019. "Subjective well-being in housing purchasing: Evidence with survey data from the U.K. housing residential market," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 328-335.
    7. Javier García-Enríquez & Cruz A. Echevarría, 2018. "Demand for culture in Spain and the 2012 VAT rise," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 42(3), pages 469-506, August.

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    More about this item

    Keywords

    cultural capital;

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • D0 - Microeconomics - - General

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