 The Performing ArtsChapter Chapter 7 in Economics of Art and Culture, 2019, pp 53-61 from Springer Abstract: Abstract Only a small proportion of the population ever attends live performances of classical art. Crucial determinants are entry price, education, and preferences. The public sector can support the performing arts by giving a fixed sum, by making donations tax deductible, and by covering the deficit. Profit-oriented firms can exist when fixed costs are small, audiences large, and price discrimination and cross-subsidization feasible. There may also be co-operatives. The cost disease threatens the survival of the performing arts because the wages paid must rise in line with the other sectors in the economy. Labour productivity often cannot be raised. Admission prices can be increased provided consumer react little to price changes. Artistic performances can be made more attractive to a larger proportion of people. Keywords: Live performance; Classical art; Public sector; Profit-oriented firms; Co-operatives; Fixed cost; Audiences; Admission prices; Price discrimination; Education; Cost disease; Labour productivity; Deficits; Opera houses; Opera composers; Opera plays; Drama; Playwright; Government support; Subsidy; Donations; Taxes (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-030-15748-7_7 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-15748-7_7 Access Statistics for this chapter More chapters in SpringerBriefs in Economics from Springer |
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