Abstract
The introduction of “creativity” and “interpretation” has significant consequences on the supply side of the market referring to the supply of labor and the distribution of income among factors.
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Notes
Varian (1987) pp.163–167.
Chapter 4.
Varian (1987) p.379.
McCain (1981).
McCain (1981).
See also chapter 9 for a further discussion of this point.
We have already discussed this point in chapter 3 from the point of view of its consequences on market equilibria under perfect rationality conditions. We will now look at its consequences on productivity and supply under the non-consequentiality axiom imposed in chapter 3.
Varian (1987) pp.297–301.
Gapinski (1980) pp.578–586.
Ibidem p.584.
Haller, Carter and Hocking (1957).
Gapinski (1980) p.579.
Ibidem p.578.
See Throsby and Withers (1979). In any case, Gapinski has the merit, together with Mac Cain (1981) of having clarified the exclusive and selfidentifying nature of an artist’s work: “Any art form is an artist’s personal vehicle of expression, and this self-identity should be captured by the production function. Without the artist there would be no art”. This is reflected in his choice of a farm-like production function (Gapinski (1980) p.579.
A perfect-substitutes kind of factors relationship between factors will, on the contrary, lead to a Bentham-like distribution, that is
The formulation presented here is the one adopted by Fossati (1989) pp.300–303, to analyse the relationship between private and public sectors. See also the already-quoted, Baumol and Owen (1966) and Baumol (1967).
Sraffa (1960) p.7.
Ibidem p.9
Ibidem p.10
Sraffa’s exemplification unfortunately does not include the arts but only “ostrich eggs” and “racehorses”.
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© 1993 Springer Science+Business Media Dordrecht
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Mossetto, G. (1993). The Supply Side: On Productivity, Technology and Distribution. In: Aesthetics and Economics. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-8236-0_6
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