Cultural capital and demand

Victoria Ateca-Amestoy

17 citations0/0 files storedRePEc: Research Papers in Economics

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Cultural Industries and Urban Development Social and Cultural Dynamics Culture, Economy, and Development Studies

Abstract

In this paper we develop a theoretical model that investigates the demand for cultural goods under the assumption of cultural capital and rational addiction. We also consider the effect of a policy intervention in order to raise the initial stock of cultural capital of a given individual, both on individual demand and on supply. Finally, we discuss on the effectiveness of such policies by translating our model to a dynamic framework.

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References

1965A Theory of the Allocation of Time 1976The Economic Approach to Human Behavior 1988A Theory of Rational Addiction 2010De gustibus non est disputandum 2018An Introduction to the Principles of Morals and Legislation 1996Accounting for Tastes 1994The Production and Consumption of the Arts: A View of Cultural Economics 2003A Handbook of Cultural Economics

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2019Culture is a luxury in Latin America 2012Lead–lag relationship between household cultural expenditures and business cycles 2013Evaluating the demand for cultural goods: just income and tastes do matter?

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