Economic theory of culture [Elektronische Ressource] : a dynamic approach / vorgelegt von Sao-Wen Cheng

Economic Theory of Culture A Dynamic Approach Dissertation Zur Erlangung des Grades eines Dr. rer. pol. Vorgelegt von Dipl.-Volksw. Sao-Wen Cheng Siegen 2005 Erstgutachter der Dissertation: Prof. Dr. Rüdiger Pethig Zweitgutachter der Dissertation: Prof. Dr. Karl-Josef Koch Tag der mündlichen Prüfung: 22.12.2004 Prüfer: Prof. Dr. Hans Jürgen Schlösser Prof. Rüdiger Pethig Dr. Karl-Josef Koch Internetpublikation der Universitätsbibliothek Siegen: urn:nbn:de:hbz:467-93 iContents 1 Introduction 1 1.1 The role of culture in economic perspective 1 1.2 Human capital vs. cultural capital 4 1.3 Characteristics of cultural goods, services and capital 5 1.4 Outline of the analyze 6 2 The general model 9 2.1 The social planner’s optimization problem in the public-goods 22 model (GM1) 2.2 ization problem in the private-goods 30 model (GM2) 2.3 Comparing the optimal allocation of the models GM1 and GM2 33 3 Transitional optimal dynamics in simplified models 39 3.1 Cultural-capital formation when the stock of cultural goods is constant 39 3.1.1 A simplified public-goods model with constant stock of cultural 40 goods (SG1) 3.1.1.1 The optimal intertemporal allocation 41 3.1.1.2 The optimal time path in a parametric version 43 of model SG1 3.1.1.3 The phase diagram 45 3.1.1.