To address these questions institutional economics is used and developed. The Social Value Nexus presents a framework for explaining how social-cultural values (VALUES) relate to an institutional setting. It is argued that the value people have for a specific consumption good such as pop music emanates from a institutional setting.
In addition to a theoretical contribution, this study presents additional information about the advent of pop music in the Netherlands. Interviews and studies of archives necessitates a more detailed evaluation of recent history.
