Performing arts as a club good: Evidence from a nonprofit organization

This paper combines perspectives on nonprofit organizations, clubs and club goods, demand for performing arts, and demand for charitable contributions to consider relationships between nonprofit organizations in the performing arts and their patrons. A broad view is taken of factors influencing demand for club goods, charitable donations, and for the live performing arts. These are integrated in a model of demand for the outputs and services of nonprofits in the performing arts. Data from a single institution is used to test hypotheses. Conclusions are drawn for organizational policy and economic theory.     

Artistic education matters: survival in the arts occupations

The literature of cultural economics generally finds that an artistic education has no significant impact on artists’ income and careers in the arts. In artists’ labor markets, indefinable features such as talent and artistic creativity apparently contribute more to success or higher rates of payment than education and training. In this article, we will readdress this question by looking at the artists’ survival in the arts occupations. We find it reasonable to expect than an artistic education can have a significant impact on artists’ careers because of the importance of technical skills, networks and signaling effects. We analyze the question by using a unique longitudinal dataset for five different groups of artists in Denmark, using the Cox model to apply survival functions and semi-parametric analysis. The results show, among other things, that an artistic education has a significant impact on artists’ careers in the arts, and we find important industry differences.     

Monetary organization and national identity: a review and considerations

This article develops a detailed overview of literature on the relationship between monetary organization, understood as currencies and central banks, and issues of national identity and nationalism. It demonstrates how the literature on this subject for the past 20 years has developed into a distinct research field and the article sketches a set of different methodological approaches as well as geographical and thematical variations within the field. In particular, the overview points to a recent shift in focus from a preoccupation with the identity-cultivating qualities of monetary organization to an emphasis on how collective identities legitimize monetary organization. Based on the literature review, the article points to two underdeveloped themes for future research to investigate: (1) further studies on the interrelation between the legitimacy of monetary organization and national identity, (2) an increased focus on central banks and monetary authorities, as well as the historical development in which monetary organization evolved in concert with ideas of the national identity and nationalism.     

Two games in town: a comparison of dealer and auction prices in contemporary visual arts markets

The article tests a couple of hypotheses relating to markets where demand is not taken as a given, but subject to sophisticated and encompassing price-building strategies. The study uses a data set that provides quoted dealer prices for medium-sized works of 100 leading visual artists from 1970 to 2004. These data are compared with auction price results for works by the same artists. The study reports significant discrepancies with respect to the relationship between the age of artists and prices paid for their works in the two markets, and with respect to general price developments in the two markets as measured by indices.

Economic impact of the arts: Theatre festivals in small Ontario communities

Conclusions This paper has demonstrated that visitors to professional theatre companies located in towns and villages of southern Ontario contribute to the economic well-being of the local economy. Furthermore, it has been documented that while all communities receive some monetary benefits, spatial variations are found to exist. These discrepancies are a function of differences in the average expenditures of non-local residents and the total number of visitors attending the theatre event. As expected, average expenditures appear to be highest in communities supporting a large commercial sector which are capable of sustaining a touris market. Moreover, the number of visitors attending a theatre event appears to be greatest in small communities supporting an established theratre company.     

Direct versus indirect aid to the arts: A Canadian perspective

Conclusions The bulk of contemporary policy concern in the cultural area is focussed on the nature of government assistance. In particular, there is a growing feeling that indirect assistance to cultural industries should be promoted to a greater extent than it has been in the past. This feeling reflects both the view that real levels of direct government grants may not be sustainable and the presumption that indirect forms of assistance (such as tax concessions and the like) can channel aid to artists more efficiently than direct forms of assistance, such as Canada Council grants to arts organizations. The various arguments offered in favor of one or another approach towards funding cultural activities are certainly not conclusive. The main point to be made in this regard, however, is that debate over how culture should be funded is taking place in the absence of explicitly formulated operational objectives as well as crucial information about how the cultural production and marketing processes operate. In this regard, ineffectual policy-making across the broad spectrum of cultural assistance programs may be of far greater concern than any efficiency differences which might be anticipated between various forms of assistance to the arts.