Recent evidence on the determinants of concert attendance for mid-size symphonies

Toma, Michael; Meads, Holly

doi:10.1007/bf02885731

Cited by 16 publications

(6 citation statements)

References 16 publications

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“…1 Ekelund and Ritenour did not report the elasticities for price but only a normalised measure for income elasticity. 2 Toma and Meads (2007) also found negative and significant price elasticity for symphony concerts but they did not use an income variable in their regression analysis. 3 It should be noted that the approach implemented by Withers (1980) was also recognised as important by Moore (1966) and Throsby and Withers (1979).…”

Section: Introductionmentioning

confidence: 75%

“…Furthermore, drawing mostly on Werck and Heyndels (2007), objective quality indicators are also included in both empirical models as additional demand factors. Both demand function models are estimated on panel data using information on every theatre j in production season t. The dependent variable is total attendance per theatre which is divided, in line with Toma and Meads (2007), by the relevant population size as presented in Sect. 4.…”

Section: Econometric Specification Of Demand Functionmentioning

confidence: 99%

“…It also takes consumers time to select formal attire or relax before a long artistic performance.13 Toma and Meads (2007) applied jointly cross-sectional and time series data for 52 symphony orchestras over 3 years and examined attendance per capita using the population size of the county hosting the symphony.14 Withers (1980);Krebs and Pommerehne (1995);Ekelund and Ritenour (1999) used this approach in their time series models as it ''accounts for population changes without including a population variable in the regression''(Ekelund and Ritenour, 1999) Gapinski (1984Gapinski ( , 1986Forrest et al (2000).…”

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confidence: 99%

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Full-income and price elasticities of demand for German public theatre

Zieba

2009

J Cult Econ

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Section: Introductionmentioning

confidence: 75%

Section: Econometric Specification Of Demand Functionmentioning

confidence: 99%

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confidence: 99%

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Full-income and price elasticities of demand for German public theatre

Zieba

2009

J Cult Econ

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“…The ticket price variable, P jt , is calculated similarly to Zieba (2009), Werck and Heyndels (2007), Gapinski (1984), Withers (1980), and Toma and Meads (2007), by dividing operating revenues in a theatre obtained from tickets sales by the total number of visitors. It is measured in EUR and adjusted using the consumer price index for the year 2005.…”

Section: Ticket Pricementioning

confidence: 99%

Tourism flows and the demand for regional and city theatres in Austria

Zieba

2015

J Cult Econ

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This paper investigates the impact of tourism flows on demand for large regional and city theatres in Austria over the period from 1972 to 2011 (39 years). The results are obtained by applying an aggregated theatre demand function for both residents and tourists. The elasticity of theatre attendance in response to tourism is estimated along with other standard demand variables such as ticket price and income. The quality factors and theatre-specific effects are also included. The tourism flows variables are derived using detailed data set on tourist arrivals and their overnight counts, and they are also split between domestic and foreign tourists. To measure the impact of tourism flows on theatre demand, three alternative theatre markets specifications are considered. The total elasticity of attendance per capita in response to tourism is estimated between 15 to 20%, indicating that increasing the number of arrivals by two tourists per resident in the relevant market would generate an increase in theatre attendance by 581-680 thousand visitors per year. The role of tourism flows is found to be particularly important for attendance at opera, operetta and musicals as opposed to attendance at drama performances. The analysis also reveals that foreign, nonGerman tourists have a positive impact on theatre attendance whereas domestic tourists do not contribute significantly to higher demand for Austrian theatres.

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“…With the exception of Connolly and Krueger (), the majority of articles concerning the pricing of musical performances use theoretical (i.e., microeconomic modeling) or descriptive approaches (Heilbrun & Gray, ; Krueger, ; Rosen & Rosenfield, ) rather than exploring issues empirically. Moreover, pricing questions have been raised for particular cultural activities such as theatre (Colbert, Beauregard, & Vallée, ; Corning & Levy, ; Heilbrun & Gray ; Putler & Lele, ), art works (Rengers & Velthuis, ; Sagot‐Duvauroux, ), books (Appelman, ), classical orchestras (Luksetich, ; Toma & Meads, ), or the performing arts (Borgonovi, ; Lévy‐Garboua & Montmarquette, ; Scheff, ) but no study has dissected ticket prices of musical performances and explored the determinants that boost these prices.…”

Section: Theoretical Background: Concert Pricingmentioning

confidence: 99%

Artist‐Related Determinants of Music Concert Prices

Decrop

Derbaix

2014

Psychology and Marketing

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Ticket prices of pop/rock concerts have risen considerably over the last decade. Reasons for this growth are debatable: the monopolistic position of one concert promoter, the development of mass culture and fanaticism, or changes in artists’ business model due to illegal downloading. This empirical paper identifies artist‐related variables that play a significant role in the pricing of music concerts. Referring to economic principles (e.g., transaction costs, economies of scale) and psychological theories (e.g., preferences, signaling), six hypotheses were tested using a unique database covering a period of seven years and containing information on 2687 concerts organized in Belgium as well as on performing artists. Results show that artists’ career, nationality, and their popularity are the major determinants of ticket prices.

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Recent evidence on the determinants of concert attendance for mid-size symphonies

Cited by 16 publications

References 16 publications

Full-income and price elasticities of demand for German public theatre

Full-income and price elasticities of demand for German public theatre

Tourism flows and the demand for regional and city theatres in Austria

Artist‐Related Determinants of Music Concert Prices

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