How Does a City Benefit from Culture? Evidence from Milan

32 Pages Posted: 9 May 2016

See all articles by Riccardo Borgoni

Riccardo Borgoni

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS)

Alessandra Michelangeli

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS); Università degli Studi di Milano-Bicocca - Center for European Studies (CefES); Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS)

Nicola Pontarollo

Università degli Studi di Milano-Bicocca

Date Written: May 6, 2016

Abstract

Cultural amenities are the expression of a cultural environment, given by a combination of aesthetics factors, styles, rhythms, behaviours, which contribute to make vibrant and more enjoyable a neighbourhood. Within the theoretical framework of the hedonic approach, we propose an empirical strategy to capture the multiple effects of cultural amenities. The results are used to determine whether cultural amenities are optimally provided by the municipality of Milan. It turns out that government should devote far more resources to culture.

Keywords: culture; city; hedonic approach; multilevel models

JEL Classification: R11, R12, R23

Suggested Citation

Borgoni, Riccardo and Michelangeli, Alessandra and Pontarollo, Nicola, How Does a City Benefit from Culture? Evidence from Milan (May 6, 2016). University of Milan Bicocca Department of Economics, Management and Statistics Working Paper No. 335. Available at SSRN: https://ssrn.com/abstract=2776761 or http://dx.doi.org/10.2139/ssrn.2776761

Riccardo Borgoni

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milan, 20126
Italy

Alessandra Michelangeli (Contact Author)

Università degli Studi di Milano-Bicocca - Department of Economics, Management and Statistics (DEMS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milan, 20126
Italy

Università degli Studi di Milano-Bicocca - Center for European Studies (CefES)

U6 Building
Viale Piero e Alberto Pirelli, 22
Milano, 20126
Italy

Università degli Studi di Milano-Bicocca - Center for Interdisciplinary Studies in Economics, Psychology & Social Sciences (CISEPS) ( email )

Piazza dell'Ateneo Nuovo, 1
Milano, 20126
Italy

Nicola Pontarollo

Università degli Studi di Milano-Bicocca ( email )

Piazza dell'Ateneo Nuovo, 1
Milano, Milan 20126
Italy

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