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William J. Baumol

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William J. Baumol

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William J. Baumol

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William J. Baumol

The chapter discusses the public good aspects of the arts which pose a dilemma for pricing policies by arts organisations and for government policy. Discriminatory pricing and Ramsey pricing are proposed as the basis for welfare maximisation and the parity-pricing formula is presented as a solution.

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William J. Baumol

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William J. Baumol

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William J. Baumol

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William J. Baumol