@techreport{Traub2005Quality,
abstract = {In this paper, we present a spatial model of the public provision
of the performing arts. Agents behave boundedly rational. Art directors set
performance quality according to their aspiration levels. While taking into
account the spatial distribution of the population, administrative directors
in calculating ticket prices ignore that they compete with neighboring performing
arts organization (PAOs) for audience. The model is tested empirically
using a spatial autoregressive (SAR) model with a complete data set of German
PAOs and cities. Our data support the model and help to explain the
size and distribution of losses in the public performing arts sector.},
author = {Stefan Traub},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {Z10; H41; R59; 330; Performing Arts; Local Public Goods; Quality; Spatial Competition; Bounded Rationality; Theater; Musikwirtschaft; Lokales \"{o}ffentliches Gut; Dienstleistungsqualit\"{a}t; Administrierter Preis; R\"{a}umlicher Wettbewerb; Beschr\"{a}nkte Rationalit\"{a}t; Theorie; Deutschland},
language = {eng},
number = {2005,16},
title = {Quality Investment and Price Formation in the Performing Arts Sector: A Spatial Analysis},
type = {Economics working paper / Christian-Albrechts-Universit\"{a}t Kiel, Department of Economics},
url = {http://hdl.handle.net/10419/22002},
year = {2005}
}
