To what extent do cultural goods contribute to increase society’s level of cultural capital? Greater satisfaction for cultural goods consumption and voluntary contributions is linked to the highest levels of cultural capital. Social approval deriving from donations is positively related to society’s existing cultural capital and triggers a positive externality for donators, in turn increasing contributions.Continue reading “THE ROLE OF CULTURAL CAPITAL ON THE VOLUNTARY CONTRIBUTIONS TO CULTURAL GOODS: A DIFFERENTIAL GAME APPROACH”
By Luigi Di Gaetano and Isidoro Mazza
Economic downturns and policy reversals have caused a shortage of public and private funding for many museums. Museums in dire straits have therefore considered deaccessioning part of their collection. The question whether deaccessions could be a viable, although exceptional, option continues to ignite a lively debate and a fierce opposition by museum associations around the world fearing that deaccessioning would send a bad signal to donors. The study investigates this hypothesis using a game theory approach.