The Economics Of Experiences, The Arts And Entertainment
Åke E. Andersson, Professor, Department of Economics, Jönköping International Business School, Jönköping, Sweden and David Emanuel Andersson, Nottingham University Business School, China
Hardback £78.00 on-line price £70.20
The Economics of Experiences, the Arts and Entertainment serves as a welcome and unique introduction to various economic aspects of the production and consumption of art and entertainment products. The book begins with analyses and discussion of neoclassical production and utility functions, with a focus on art and entertainment as instances of experience goods or services. The authors then go on to present alternative Austrian and institutional approaches which focus on the role of creative entrepreneurs in the market process. Aesthetic and psychological theories are also discussed with a focus on their impact on producers’ and consumers’ decisions, as well as historical examples of creative centres, such as Renaissance Florence and Post World War II New York.
Contents: Preface 1. The Economics of Arts and Entertainment 2. Aesthetics and Economics 3. The Demand for Arts and Entertainment Products 4. Production Systems in the Arts and in Entertainment 5. Permanent Ensembles or Festivals? 6. The Markets for Experience Goods and Services 7. The Value of Cultural Heritage 8. The Role of Creativity 9. Cultural Entrepreneurship 10. Creativity and Institutions 11. Internal and External Scale Economies and the Cultural City 12. The Globalization of Culture References Index