Contents; Part I. The Arts Sector in the Economy: Size, Growth, and Significance: 1. An Overview of the Arts Sector; 2. Growth of the Arts Sector; 3. Audiences for the Arts; Part II. The Microeconomics of Demand and Supply: 4. Consumer Demand: An Introduction; 5. The Elasticity of Arts Demand and Their Policy Implications; 6.

Production and Cost in the Performing Arts; 7. Firms and Markets in the Performing Arts; 8. Productivity Lag and the Financial Problem of the Arts; 9. Economics of Arts Management and Strategy; Part III. The Fine Arts and Museums: 10. The Market in Works of Art; 11. The Economics of Art Museums; Part IV. Public Policy and Support for the Arts: 12.

Theory and Practice of Government Support for the Arts; 13. Private Support for the Arts; Part V. Art, Economy, and Society; 14. The Arts as a Profession: Education, Training, and Employment; 15. The Role of the Arts in a Local Economy; 16. The Mass Media, Digital Broadcasting, and the Cultivation of Taste; 17. Conclusion: Innovation, Diversity, and the Future of Art and Culture; Bibliography; Index.