The paper describes the method, amount and composition of public financing of the arts and heritage services in England during the 1990s. This offers the background to a discussion of how far the rationale for government financing for such services can rely on arguments derived from welfare economics. The presence of ‘market failure’ has been widely accepted by successive governments and their advisers, but attempts to remove it have encountered the familiar problems of ensuring allocative and technical efficiency when production subsidies are the main policy instrument. Special attention is devoted to the policy dilemmas that are likely to arise in the years ahead in the performing arts, heritage and broadcasting.
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Article provided by Institute for Fiscal Studies in its journal Fiscal Studies.
Volume (Year): 21 (2000) Issue (Month): 2 (June) Pages: 171-205 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents H4 - Public Economics - - Publicly Provided Goods I3 - Health, Education, and Welfare - - Welfare and Poverty Z1 - Other Special Topics - - Cultural Economics
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