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Public financing of the arts in England


  • Sir Alan Peacock


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.

Suggested Citation

  • Sir Alan Peacock, 2000. "Public financing of the arts in England," Fiscal Studies, Institute for Fiscal Studies, vol. 21(2), pages 171-205, June.
  • Handle: RePEc:ifs:fistud:v:21:y:2000:i:2:p:171-205

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    References listed on IDEAS

    1. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
    2. Frey, Bruno S, 1994. "Cultural Economics and Museum Behaviour," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(3), pages 325-335, August.
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    Cited by:

    1. Lunn, Pete & Kelly, Elish, 2009. "Accounting for Taste: An Examination of Socioeconomic Gradients in Attendance at Arts Events," Papers WP283, Economic and Social Research Institute (ESRI).
    2. Silvia Fedeli & Michele Santoni, 2006. "The Government's Choice of Bureaucratic Organisation: An Application to Italian State Museums," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 30(1), pages 41-72, March.
    3. Ilde Rizzo & Ruth Towse, 2015. "In memoriam Alan Peacock: a pioneer in cultural economics," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 39(3), pages 225-238, August.
    4. Luis Antonio Palma M. & Luis Fernando Aguado Q., 2010. "Economía de la cultura. Una nueva área de especialización de la economía," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 12(22), pages 129-165, January-J.

    More about this item

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H4 - Public Economics - - Publicly Provided Goods
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • Z1 - Other Special Topics - - Cultural Economics


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