Culture as a Bubble
Bibliographic Data
| ID | 10175321 |
|---|---|
| Authors | Guido Cozzi (New York University, corresponding author) |
| Year | 1998 |
| Volume | 106 |
| Issue | 2 |
| Pages | 376-394 |
| Publication date | 1998-04-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/250013 |
| OpenAlex | W2064980515 |
| Language | EN |
| Citations received | 4 |
| References cited | 10 |
This paper considers an overlapping generations growth model in which "culture" is viewed as a public input in the production process of the labor efficiency units of future generations. Given the low appropriability of its beneficial effects, the market value of culture will be due to bubbles. I shall characterize the balanced growth paths associated with stationary rational bubbles on culture. Indeterminacy arises in the transition dynamics
Bubble · Dynamics (music · Economics · Growth model · Indeterminacy (philosophy · Mathematical economics · Microeconomics · Neoclassical economics · Overlapping generations model · Physics · Production (economics · Sociology · Value (mathematics · Computer Science · Economic Growth and Productivity · Economic theories and models · Fiscal Policy and Economic Growth
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Wellsprings of Achievement
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,24 |
| Citation span | 2009 - 2026 (18) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |