Cultural Goods Production, Cultural Capital Formation and the Provision of Cultural Services
Cultural capital is assumed to benefit all members of society. It is accumulated through the consumption of cultural goods, cultural services are provided by cultural services industry; the stock of cultural goods is enlarged by the flow of new cultural goods created by individuals who are both consumers and creators of culture and whose utility is positively affected by the cultural goods they created. In the no-policy market economy, individuals tend to ignore the positive external effects of their cultural services consumption and creation of cultural goods on other individuals via augmenting cultural capital and cultural-goods stock. Consequently, less cultural capital and cultural-goods stock will be accumulated. The efficient allocation can be restored by introducing an appropriate subsidy that stimulates the consumers’ demand for cultural services, and the creation of new cultural goods, promotes the accumulation of cultural capital and cultural goods.
|Date of creation:||Jan 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Hölderlinstr. 3, D - 57068 Siegen|
Phone: ++49 (0)271 740-3139
Fax: ++49 (0)271 740-2590
Web page: http://www.uni-siegen.de/fb5/vwl/research/diskussionsbeitraege/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- David Throsby, 2003.
in: A Handbook of Cultural Economics, chapter 19
- Carlos Ulibarri, 2000. "Rational Philanthropy and Cultural Capital," Journal of Cultural Economics, Springer, vol. 24(2), pages 135-146, May.
When requesting a correction, please mention this item's handle: RePEc:sie:siegen:119-05. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael Gail)
If references are entirely missing, you can add them using this form.