We propose a method to construct a price index of cultural consumption in geographic space. The index — the CCPI — is calculated from a standardised cultural consumption basket purchased by a representative consumer over 30 locations in Australia, using 2010 price data. We use a full cost...

This paper reports on a study of education credentials in relation to job requirements in the creative industries. Because of asymmetric information, the signaling model predicts over-education by those seeking to enter creative industries, as has been observed in many other industries. However,...

Modern research and innovation policy is largely based in neoclassical welfare economics, in which the diagnosis of market failure in the production of new information is translated into a case for innovation policy. Both New Institutional and Public Choice economics criticize this approach...