Rent-seeking behavior and rent-oriented behavior in the sphere of art and culture
AbstractThe article investigates the phenomenon of rent-seeking and rent-oriented behavior in the sphere of culture and arts. The author describes the specific features of the cultural production. It is shown that, the supply of cultural goods is characterized by the different level of rarity and consists from creative production, services of the institutions of culture and art, antiques, reproductions of works of art. Given the demand the cultural goods are structured in compliance with inquiries of its dealers, traders, collectors, adherents of prestigious consumption, real connoisseurs of art, consumers of entertainments. The article claims that the sphere of culture is divided into two sectors according to rental factors. In the first sector (primary market) production of the specific rent is possible (rent of talent, rents for rarity, marketing quasirent) that promotes rent-seeking behavior. In the second sector (services of the institutions of culture and art, art-object markets) rent-focused behavior is possible (capital rent, tourist rent, status rent, administrative rent). Political quasirent is the object of rent-seeking and rent-oriented behavior.