A note on the performing arts: counterpoint.

Summary

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Response to Paul Diesing in this issue, p 1059

The abstract concept of attending a performance can be explained by the Veblenian and Marshallian approaches. The Veblenian model assumes that improving the luxury image of the orchestra's products can increase consumer demand. The Marshallian approach, in contrast, argues that consumers who had no previous exposure to the performing arts, are introduced to such products. In addition, funding for the performing arts such as theater and concerts is provided by the community because these events are considered a public social experience.

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A note on the performing arts: counterpoint.

I am grateful to Paul Diesing for his thoughtful comments on my March 1997 JEI article, "Toward a Demand-Side Cure for Cost Disease in the Performing Arts" [1997, 197-207]. He makes several brief but interesting and...

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