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| Tekijä: | Last, A-K. Wetzel, H. |
| Otsikko: | Baumol's cost disease, efficiency, and productivity in the performing arts: an analysis of German public theaters |
| Lehti: | Journal of Cultural Economics
2011 : VOL 35:3, p. 185-201 |
| Asiasana: | efficiency productivity Germany |
| Vapaa asiasana: | public theaters stochastic frontier analysis cost-disease |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes the productivity development in the German public theater sector for the seasons 1991/1992-2005/2006. Using a stochastic distance frontier approach that allows to decompose total factor productivity change into different sources the authors examine whether Baumol's cost-disease hypothesis is valid in this sector and if so, whether it's negative influence on productivity can be compensated by efficiency gains. The discoveries indicate an increase in real unit labour cost as a result of rising wage rates and, thus, support the cost-disease hypothesis. Furthermore, increasing returns to scale are observed for the majority of the theaters which implies that remarkable efficiency gains can be realized by the exploitation of scale economies. |
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