Award Date

1-1-1990

Degree Type

Thesis

Degree Name

Master of Arts (MA)

Department

Economics

First Committee Member

Thomas M. Carroll

Number of Pages

45

Abstract

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.).

Keywords

Gap; Income; Orchestras; Symphony

Controlled Subject

Economics; Industrial management; Music

File Format

pdf

File Size

1433.6 KB

Degree Grantor

University of Nevada, Las Vegas

Language

English

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