The income gap and symphony orchestras

Symphony orchestras are the supposed victims of a malignant disease entitled "Baumol's Disease" which occurs as costs rise at a faster rate than earned income. The gap between earned income and costs is called the "Income Gap." The remedy is injections of cash to stop the disease from expanding; This thesis takes actual data from the American Symphony Orchestra League and tests Baumol's diagnosis. The income gap does exist and it is growing over time; To determine if the income gap is an incurable disease, a more comprehensive model is designed including output composition variables, demographic variables, and the lagged value of the income gap. This model shows that symphony orchestras are not the victims of Baumol's Disease; The perseverance and durability of symphony orchestras may be underestimated. Injections of cash to alleviate the disease may only be a placebo for the majority of symphonies. (Abstract shortened with permission of author.).

Name thesis:degree_name

Master of Arts (MA)

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Economics

Grantor dc:publisher

University of Nevada, Las Vegas

Year

1990

Author dc:creator

• Volpi, Joseph Anthony

Contributors dc:contributor

• Thomas M. Carroll

Statement dc:rights

• IN COPYRIGHT. For more information about this rights statement, please visit http://rightsstatements.org/vocab/InC/1.0/

Language dc:language

English

Identifier

https://oasis.library.unlv.edu/rtds/123

OAI identifier oai:identifier

oai:oasis.library.unlv.edu:rtds-1122