TY  - THES
AB  - Cultural capital is assumed to benefit all members of society. It is accumulated through the
consumption of cultural services and is diminished through depreciation. Using the stock of
cultural goods (e.g. cultural heritage, works of arts, literature and music), cultural services are
provided by the 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 culturalgoods
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.
AU  - Cheng, Sao-Wen
DA  - 2005
KW  - öffentliches Gut
KW  - Verteilungstheorie
KW  - Kultur/Wirtschaftsmodell
LA  - eng
PY  - 2005
TI  - Economic theory of culture : a dynamic approach
UR  - https://nbn-resolving.org/urn:nbn:de:hbz:467-8599␞urn:nbn:de:hbz:467-93
Y2  - 2024-12-26T21:47:03
ER  -