Cultural capital and demand
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.
Volume (Year): 26 (2007)
Issue (Month): 1 ()
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References listed on IDEAS
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- 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.
- David Throsby, 2011.
Chapters,in: A Handbook of Cultural Economics, Second Edition, chapter 20
Edward Elgar Publishing.
- David Throsby, 1999. "Cultural Capital," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 23(1), pages 3-12, March.
- David Throsby, 2003. "Cultural capital," Chapters,in: A Handbook of Cultural Economics, chapter 19 Edward Elgar Publishing.
- 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.
- Gary S. Becker & Kevin M. Murphy, 1986. "A Theory of Rational Addiction," University of Chicago - George G. Stigler Center for Study of Economy and State 41, Chicago - Center for Study of Economy and State.
- 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.
- 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. Full references (including those not matched with items on IDEAS)
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