How Does a City Benefit from Culture? Evidence from Milan
Cultural amenities are the expression of a cultural environment, given by a combination of aesthetics factors, styles, rhythms, behaviours, which contribute to make vibrant and more enjoyable a neighbourhood. Within the theoretical framework of the hedonic approach, we propose an empirical strategy to capture the multiple effects of cultural amenities. The results are used to determine whether cultural amenities are optimally provided by the municipality of Milan. It turns out that government should devote far more resources to culture.
|Date of creation:||16 May 2016|
|Date of revision:||16 May 2016|
|Contact details of provider:|| Postal: Piazza Ateneo Nuovo, 1 Milano 20126|
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