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dc.contributor.authorCheng, Sao-Wenen_US
dc.date.accessioned2009-01-29T15:58:23Z-
dc.date.available2009-01-29T15:58:23Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/23298-
dc.description.abstractCultural 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, 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 cultural-goods 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.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesVolkswirtschaftliche Diskussionsbeiträge / Universität-Gesamthochschule-Siegen, Fachbereich Wirtschaftswissenschaften 119en_US
dc.subject.jelZ1en_US
dc.subject.jelH3en_US
dc.subject.jelH2en_US
dc.subject.ddc330en_US
dc.subject.keywordcultural capitalen_US
dc.subject.keywordcultural servicesen_US
dc.subject.keywordcultural goodsen_US
dc.subject.stwKulturguten_US
dc.subject.stwKulturökonomiken_US
dc.subject.stwTheorieen_US
dc.titleCultural Goods Production, Cultural Capital Formation and the Provision of Cultural Servicesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn481161759en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Volkswirtschaftliche Diskussionsbeiträge, Universität Siegen

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