Luis César Herrero-Prieto and Mafalda Gómez-Vega
The authors summarize the economic analysis of orchestras, complex organizations which bring together talent, musical heritage and a taste for listening to live performances, and which for centuries have constituted one of the most notable and established cultural institutions. As they lie at the heart of the cost disease problem, they have given rise to some of the seminal studies in cultural economics. Nonetheless, they are also characterized by other key issues, so that we deal with four aspects: cost disease and orchestra funding, cost structure and efficiency evaluation, participation and demand features and, finally, evaluation of orchestra quality.
Luis César Herrero-Prieto and María José del Barrio-Tellado
There is no reason not to evaluate cultural institutions, even though they are frequently non-profit organizations or public entities that provide goods and services that are difficult to objectivize in the market. The justifications for evaluating are that they consume resources which entail opportunity costs and pursue different purposes, with great success or little success, to which is added an increasing demand for greater public accountability. Therefore, with regard to cultural institutions, our aim is first to clarify what is being evaluated and why. Second, we review the main assessment tools and techniques available, and we report some representative case studies and point out the usefulness of these applications. Finally, we provide some resources for teaching purposes in this subject.