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The economics of music festivals

Abstract

This paper attempts to explain the rapid growth in the number of classical music and opera festivals. Two secularly increasing demand factors — a rise in real disposable incomes and an increased amount of time and money devoted to holidays — are well met by the supply of music festivals which almost perfectly combine culture and holidays. On the supply side, festivals may profit from low marginal cost of production factors and are considered as an effort to avoid restrictions from government regulations and trade unions.

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Frey, B.S. The economics of music festivals. J Cult Econ 18, 29–39 (1994). https://doi.org/10.1007/BF01207151

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  • DOI: https://doi.org/10.1007/BF01207151

Key words

  • cultural economics
  • music festivals
  • performing arts
  • non-profit organizations