Handbook of Cultural Economics, Third Edition
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Handbook of Cultural Economics, Third Edition

Edited by Ruth Towse and Trilce Navarrete Hernández

Cultural economics has become well established as a subject of interest for students and teachers of courses ranging from economics to arts administration as well as for policy-makers and practitioners in the creative industries. Digitisation has had a tremendous impact on many areas of the creative economy and the third edition of this popular book fully reflects it.
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Chapter 46: Performing arts

Ruth Towse

Abstract

Traditionally, the performing arts were mostly confined to building-based supply and subject to Baumol’s cost disease. The performance of a standard repertoire in musical and spoken theatre restricted productivity growth, leading to increasing costs and prices, which without state or private grants would rise above the rate of inflation. The advent of digitisation has introduced new possibilities for reaching larger audiences through event cinema, for example, by offering new opportunities to increase access, demand and a source of finance for performing arts organisations.

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