Abstract
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.
Original language | English |
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Pages (from-to) | 1-14 |
Number of pages | 14 |
Journal | Journal of Cultural Economics |
Volume | 30 |
Issue number | 1 |
DOIs | |
Publication status | Published - Mar 2006 |
Keywords
- Artistic output
- Creativity
- Production function
- Talent