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Patreonomics: Public goods pedagogy for economics principles

Author

Listed:
  • Mixon Jr., Franklin G.
  • Asarta, Carlos J.
  • Caudill, Steven B.

Abstract

A principles of economics course presents educators with an opportunity to connect with large numbers of students from diverse educational backgrounds and majors. This diversity, however, often makes it challenging for instructors to identify pedagogical examples that are relatable to the majority of their students. In this study, we present a timely and engaging example of a public good: Patreon music creations. Patreon is an Internet company that offers an outlet for musicians to share their YouTube-based music creations with their fans. We define and illustrate the characteristics that make these musical creations public goods, explaining also how fans willingly support these creations from a financial standpoint. This study provides educators with a unique real-world example that principles of economics students will find interesting, relatable, and educational.

Suggested Citation

  • Mixon Jr., Franklin G. & Asarta, Carlos J. & Caudill, Steven B., 2017. "Patreonomics: Public goods pedagogy for economics principles," International Review of Economics Education, Elsevier, vol. 25(C), pages 1-7.
    • Handle: RePEc:eee:ireced:v:25:y:2017:i:c:p:1-7
    DOI: 10.1016/j.iree.2017.02.001
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    References listed on IDEAS

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    1. Sarah E. Skwire, 2014. "Not so Bleak House: business and entrepreneurship in Dickens," Chapters, in: Franklin G. Mixon & Richard J. Cebula (ed.), New Developments in Economic Education, chapter 9, pages 97-111, Edward Elgar Publishing.
    2. G. Dirk Mateer & Herman Li, 2008. "Movie Scenes for Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 39(3), pages 303-303, July.
    3. G. Dirk Mateer & Linda S. Ghent & Misty Stone, 2011. "TV for Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 42(2), pages 207-207, June.
    4. Anindya Ghose & Sang Pil Han, 2014. "Estimating Demand for Mobile Applications in the New Economy," Management Science, INFORMS, vol. 60(6), pages 1470-1488, June.
    5. R. Andrew Luccasen & M. Kathleen Thomas, 2010. "Simpsonomics: Teaching Economics Using Episodes of The Simpsons," The Journal of Economic Education, Taylor & Francis Journals, vol. 41(2), pages 136-149, March.
    6. Franklin G. Mixon & Richard J. Cebula (ed.), 2014. "New Developments in Economic Education," Books, Edward Elgar Publishing, number 15538.
    7. Robert L. Sexton, 2006. "Using Short Movie and Television Clips in the Economics Principles Class," The Journal of Economic Education, Taylor & Francis Journals, vol. 37(4), pages 406-417, October.
    8. repec:wly:soecon:v:81:3:y:2015:p:829-842 is not listed on IDEAS
    9. Eric P. Chiang & Djeto Assane, 2009. "Estimating The Willingness To Pay For Digital Music," Contemporary Economic Policy, Western Economic Association International, vol. 27(4), pages 512-522, October.
    10. Michael R. Hammock & Art Carden, 2014. "Bo knows property rights and futures markets: economics in Trading Places," Chapters, in: Franklin G. Mixon & Richard J. Cebula (ed.), New Developments in Economic Education, chapter 4, pages 46-52, Edward Elgar Publishing.
    11. Philip J. Ruder, 2014. "Including short stories in economics courses," Chapters, in: Franklin G. Mixon & Richard J. Cebula (ed.), New Developments in Economic Education, chapter 6, pages 65-75, Edward Elgar Publishing.
    12. Robert Lawson & Joshua Hall & G. Dirk Mateer, 2008. "From Abba to Zeppelin, Led: Using Music to Teach Economics," The Journal of Economic Education, Taylor & Francis Journals, vol. 39(1), pages 107-107, January.
    13. Robert A. Lawson, 2006. "Teaching Economic Principles With Comic Strips," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 22(Fall 2006), pages 168-176.
    14. Michelle A. Vachris, 2014. "Crony capitalism in The Gilded Age by Twain and Warner and its relevance for today," Chapters, in: Franklin G. Mixon & Richard J. Cebula (ed.), New Developments in Economic Education, chapter 5, pages 53-64, Edward Elgar Publishing.
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    Cited by:

    1. Diaz Vidal, Daniel & Mungenast, Kyle & Diaz Vidal, Jesus, 2020. "Economics through film: Thinking like an economist," International Review of Economics Education, Elsevier, vol. 35(C).
    2. Franklin G. Mixon Jr. & Cody B. Ward, 2018. "Algebraic Optimization: Tragedy or Treat? Halloween and the Trick-or-Treating Commons," Journal for Economic Educators, Middle Tennessee State University, Business and Economic Research Center, vol. 18(1), pages 28-32, Spring.

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    More about this item

    Keywords

    Open source music; Public goods; Free riding; Independent artists; Patreon; YouTube;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • L17 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Open Source Products and Markets
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media
    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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