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Are less public funds bad? New strategies for cultural operators

Author

Listed:
  • Cuccia, Tiziana
  • Monaco, Luisa
  • Rizzo, Ilde

Abstract

Harsh public budget constraints which reduce the public funding available to cultural operators, are likely to impose radical changes in their strategies. However, this “bad news” may give cultural operators the chance to re-think their mission in line with the new set of incentives they face: they might try to exploit new market opportunities, enlarging the scope of their cultural production as well as incorporating other non market-oriented objectives. These strategies range from an additional supply of a specific type of cultural product (live artistic performances, visual arts exhibitions, etc.) to the supply of a larger variety of cultural products and services, including artistic educational activities for social inclusion. Along these lines they can also take advantage of the opportunity in order to make their business more profitable as well as to generate positive externalities which can be appreciated by a larger part of the local community and favour the social cohesion.

Suggested Citation

  • Cuccia, Tiziana & Monaco, Luisa & Rizzo, Ilde, 2015. "Are less public funds bad? New strategies for cultural operators," MPRA Paper 64782, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64782
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    File URL: https://mpra.ub.uni-muenchen.de/64782/1/MPRA_paper_64782.pdf
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    References listed on IDEAS

    as
    1. Domenichini, Ginevra, 2013. "Il finanziamento di beni e attività culturali in Italia: ruolo e tendenze dei suoi principali attori," MPRA Paper 43661, University Library of Munich, Germany.
    2. Guccio, Calogero & Mazza, Isidoro, 2014. "On the political determinants of the allocation of funds to heritage authorities," European Journal of Political Economy, Elsevier, vol. 34(C), pages 18-38.
    3. Isidoro Mazza, 2011. "Public Choice," Chapters, in: Ruth Towse (ed.), A Handbook of Cultural Economics, Second Edition, chapter 51, Edward Elgar Publishing.
    4. Cellini, Roberto & Martorana, Marco Ferdinando & Platania, Felicita, 2014. "The multi-product nature of the firm in the arts sector: A case study on ‘Centro Zo’," MPRA Paper 60677, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Public funding; arts production; multi-product;
    All these keywords.

    JEL classification:

    • Z10 - Other Special Topics - - Cultural Economics - - - General
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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