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Performing Arts, the Economic Dilemma: A Study of Problems Common to Theater, Opera, Music and Dance. Front Cover. William J. Baumol, William G. Bowen. W.J. Baumol and W.G. Bowen Performing Arts. The Economic Dilemma. A study of Problems common to Theater, Opera, Music and Dance. we called the “cost disease of the performing arts,” with its profoundly . with analogous pertinent attributes (see, e.g., Baumöl and Bowen, ; Blaug,. .

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Retrieved August 5, Microeconomicsindustrial organizationentrepreneurship.

Among his better-known contributions are the theory of contestable marketsthe Baumol-Tobin model of transactions demand for money, Baumol’s cost diseasewhich discusses the rising costs associated with service industries, Baumol’s sales revenue maximization model [9] and Pigou taxes.

Baumol was born in the South Bronx.

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Innis Calvin B. James Henry W. Kemmerer Thomas S.

This section does not cite any sources. Leo Sharfman Emanuel A. Gale Johnson Dale W.

William Baumol

Baumol was known for his interests in the economics of art, including the economics of the performing arts. Fetter David Kinley John H. Jenks Simon N. Farnam Frank A.

William Baumol – Wikipedia

Adams Fred M. Mills Sumner Slichter Edwin G. American Academy of Arts and Sciences. Please help improve this section by adding citations to reliable sources.

He also made significant contributions to the theory of entrepreneurship and the history of economic thought. Views Read Edit View history.

Nourse Albert B. Dunbar John B. Sherwin Rosen Robert Lucas Jr. Essays in Honour of William J Baumol. Retrieved April 13, Franco Modigliani Lawrence R.

Retrieved October 14, Retrieved from ” https: Koopmans Robert M. He was initially denied entry to the doctoral studies at perfotming London School of Economics and was instead admitted to the Master’s program.

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Journal of Economic Perspectives. Baumol wrote several textbooks in economics, including an introductory textbook with Alan Blinder titled Macroeconomics: Kindleberger Alice M. Seager Carl C.

Black Edwin E. Shiller Alvin E. Retrieved 23 December Copeland George W. Boulding William J. Hammond Ernest L. He was a prolific author of more than eighty books and several hundred journal articles, [2]. Ripley Harry A.