An artistic production function : theory and an application to Australian visual artists | Macquarie University ResearchOnline

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Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/10377

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Title: An artistic production function : theory and an application to Australian visual artists
Related: Journal of cultural economics, Vol. 30, Issue 1, p.1-14
DOI: 10.1007/s10824-005-9001-4
Publisher: Springer
Date: 2006
Author/Creator: Throsby, David
Description: This paper proposes a production function for artistic output in which quantity and quality of output are specified as joint products from the inputs of labour and capital provided by individual artists. A model is constructed specifying the quantity of creative and commercial output and the quality of creative output as a function of inputs of labour time and of physical and human capital. Included in the latter is a variable to account for the contribution of creative talent to an artist's human capital. The model is estimated for a sample of practising professional visual artists and craftspeople in Australia. The results suggest that a model along the lines indicated may be taken as a plausible representation of the artistic production process.
Description: 14 page(s)
Subject Keyword: artistic output
Subject Keyword: creativity
Subject Keyword: production function
Subject Keyword: talent
Resource Type: journal article
Organisation: Macquarie University. Dept. of Economics

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