Demand for Live Orchestral Music – The Case of German Kulturorchester

Marta Zieba and O’Hagan John ()
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O’Hagan John: Department of Economics, Trinity College Dublin, College Green, Dublin 2, Ireland
Authors registered in the RePEc Author Service: John O'Hagan

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2013, vol. 233, issue 2, 225-245

Abstract: This paper estimates a demand function for orchestras in Germany and in the process provides estimates of the impact of various determinants of demand for live orchestral music. Price and income are shown to be highly significant as are the quality factors included. The price elasticity is around -0.3 indicating price-inelastic demand and the income elasticity roughly 1.0 which is shown to be the net effect of two opposing forces, a gross income effect and a price-of-leisure effect. Additionally, two objective output characteristics which can positively influence concert attendance are examined. This analysis was undertaken by applying an exceptionally large panel data set for 79 orchestras over the period from 1972 to 2004 (1,313 observations). No previous study of orchestra demand was based on such a rich data set, nor used such a range of extensive variables. Some policy implications are considered in the concluding section.

Keywords: Symphony concerts demand; performing arts; leisure time; quality; Germany; Symphony concerts demand; performing arts; leisure time; quality; Germany (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:233:y:2013:i:2:p:225-245

DOI: 10.1515/jbnst-2013-0206

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