IDEAS home Printed from https://ideas.repec.org/p/sie/siegen/86-00.html
   My bibliography  Save this paper

Cultural Goods Consumption and Cultural Capital

Author

Abstract

Cultural capital is assumed to benefit all members of society. It is built up by the aggregate consumption of cultural goods and is diminished through depreciation. In the no-policy market economy, consumers tend to ignore the beneficial external effects of their cultural good consumption on the other consumers (and on themselves) through augmenting cultural capital. Cultural goods will be less consumed and, as a result, cultural capital will be underprovided. The efficient allocation is shown to be restored by an appropriate subsidy on cultural goods that stimulates the consumers´ demand for cultural goods and thus promotes the accumulation of cultural capital.

Suggested Citation

  • Rüdiger Pethig & Sao-Wen Cheng, 2000. "Cultural Goods Consumption and Cultural Capital," Volkswirtschaftliche Diskussionsbeiträge 86-00, Universität Siegen, Fakultät Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht.
  • Handle: RePEc:sie:siegen:86-00
    as

    Download full text from publisher

    File URL: http://www.wiwi.uni-siegen.de/vwl/repec/sie/papers/86-00.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. David Throsby, 2011. "Cultural Capital," Chapters,in: A Handbook of Cultural Economics, Second Edition, chapter 20 Edward Elgar Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Productivity Commission, 2009. "Restrictions on the Parallel Importation of Books," Research Reports, Productivity Commission, Government of Australia, number 34.
    2. Massimo Finocchiaro Castro, 2004. "Cultural Education and the Voluntary Provision of Cultural Goods: An Experimental Study," Experimental 0404003, EconWPA, revised 27 Oct 2004.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sie:siegen:86-00. 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). General contact details of provider: http://edirc.repec.org/data/fwsiede.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.