Footnotes
I am very grateful to Professor William J. Baumol for his comments.
Baumol, Hilda and William J. Baumol, “On Finances of the Performing Arts During Stagflation: Some Recent Data,” Journal of Cultural Economics, Vol. 4, Number 2, pp. 1–14.
It should be noted that the major orchestras account for about 2/3 of the total attendance for all 160 orchestras.
This is based on data obtained from the Summary Figures (U.S.) of the ASOL Comparative Report for the Major Symphony Orchestras, published by the American Symphony Orchestras League.
This is based upon a phone conversation with Ms. Lisa Gonzales of the American Symphony Orchestra League who stated taht extrapolation within budget groups is used.
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Schwarz, S. The facts first: A reply to Baumol & Baumol. J Cult Econ 5, 85–87 (1981). https://doi.org/10.1007/BF02221372
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DOI: https://doi.org/10.1007/BF02221372