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The Demand for the Arts

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Author Info

  • Louis Lévy-Garboua

    ()

  • Claude Montmarquette

    ()

Abstract

This paper discusses the demand for the arts from a theoretical and an empirical perspectives. We suggest that the demand for the arts is price elastic and that art is a luxury good. Education, and learning experiences are also important factors affecting that demand. Ce texte traite de la demande pour les arts d'un point de vue théorique et empirique. Nous suggérons que la demande pour les arts se caractérise par une élasticité-prix relativement importante et que l'art est un bien de luxe. L'éducation et l'expérience en matière d'art jouent également un rôle important sur cette demande.

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File URL: http://www.cirano.qc.ca/pdf/publication/2002s-10.pdf
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Bibliographic Info

Paper provided by CIRANO in its series CIRANO Working Papers with number 2002s-10.

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Date of creation: 01 Feb 2002
Date of revision:
Handle: RePEc:cir:cirwor:2002s-10

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Related research

Keywords: Demand for the arts; learning by consuming; Demande pour les arts; Apprentissage par la consommation;

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References

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  1. 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.
  2. Louis Lévy-Garboua & Claude Montmarquette, 1996. "A microeconometric study of theatre demand," Journal of Cultural Economics, Springer, vol. 20(1), pages 25-50, March.
  3. Gapinski, James H, 1986. "The Lively Arts as Substitutes for the Lively Arts," American Economic Review, American Economic Association, vol. 76(2), pages 20-25, May.
  4. Martin Browning & Thomas F. Crossley, 2000. "Luxuries Are Easier to Postpone: A Proof," Journal of Political Economy, University of Chicago Press, vol. 108(5), pages 1022-1026, October.
  5. VÍctor Blanco & JosÉ BaÑos Pino, 1997. "Cinema Demand in Spain: A Cointegration Analysis," Journal of Cultural Economics, Springer, vol. 21(1), pages 57-75, March.
  6. Richard Agnello & Renée Pierce, 1996. "Financial returns, price determinants, and genre effects in American art investment," Journal of Cultural Economics, Springer, vol. 20(4), pages 359-383, December.
  7. Samuel Cameron, 1999. "Rational addiction and the demand for cinema," Applied Economics Letters, Taylor & Francis Journals, vol. 6(9), pages 617-620.
  8. Hamlen, William A, Jr, 1991. "Superstardom in Popular Music: Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 729-33, November.
  9. Abbe-Decarroux, Francois, 1994. "The perception of quality and the demand for services : Empirical application to the performing arts," Journal of Economic Behavior & Organization, Elsevier, vol. 23(1), pages 99-107, January.
  10. Renato G.Renato Flôres Jr. & Victor Ginsburgh & Philippe Jeanfils, 1999. "Long- and short-term portfolio choices of paintings," ULB Institutional Repository 2013/99275, ULB -- Universite Libre de Bruxelles.
  11. Arthur De Vany & W. Walls, 1999. "Uncertainty in the Movie Industry: Does Star Power Reduce the Terror of the Box Office?," Journal of Cultural Economics, Springer, vol. 23(4), pages 285-318, November.
  12. Gapinski, James H, 1984. "The Economics of Performing Shakespeare," American Economic Review, American Economic Association, vol. 74(3), pages 458-66, June.
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Citations

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Cited by:
  1. K. Willis & J. Snowball & C. Wymer & José Grisolía, 2012. "A count data travel cost model of theatre demand using aggregate theatre booking data," Journal of Cultural Economics, Springer, vol. 36(2), pages 91-112, May.
  2. Concetta Castiglione, 2011. "The Demand for Theatre. A Microeconomic Approach to the Italian Case," Trinity Economics Papers tep0911, Trinity College Dublin, Department of Economics.
  3. Nadia Campaniello & Matteo Richiardi, 2011. "Beggar-thy-neighbor in Art Consumption: Evidence from the “Bel Paese”," LABORatorio R. Revelli Working Papers Series 116, LABORatorio R. Revelli, Centre for Employment Studies.
  4. K. Willis & J. Snowball, 2009. "Investigating how the attributes of live theatre productions influence consumption choices using conjoint analysis: the example of the National Arts Festival, South Africa," Journal of Cultural Economics, Springer, vol. 33(3), pages 167-183, August.
  5. Eva Vicente & Pablo de Frutos, 2011. "Application of the travel cost method to estimate the economic value of cultural goods: Blockbuster art exhibitions," Hacienda Pública Española, IEF, vol. 196(1), pages 37-63, january.

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