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| Author: | Ekelund, R. B. Ritenour, S. |
| Title: | An exploration of the Beckerian Theory of time costs: Symphony concert demand |
| Journal: | American Journal of Economics and Sociology
1999 : OCT, VOL. 58:4, p. 887-973 |
| Index terms: | ECONOMICS SOCIOLOGY TIME COSTS MUSIC CULTURE ARTS |
| Language: | eng |
| Abstract: | The passage of time also has economic effects. An important effect in the arts has been the "cost-disease" whereby productivity in manufacturing and service activities outstrips those in cultural pursuits, notably the performance arts. A positive effect on demand would tend to mitigate the supply effect. This study posits the Beckerian notion that such increases also raises the opportunity cost of time, potentially adding to the effect of the "cost disease". |
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