Abstract
This paper examines theatrical production processes from a law and economics perspective, highlighting theatre’s hybrid nature situated at the intersection of artistic creativity and managerial logics. Theatre’s organizational structures - shaped by market forces, hierarchy, and cooperation - reflect both the challenges of sustaining live performance as a public and merit good, and its capacity to foster creativity, well-being, and self-actualization, for both individual participants within the organization and the collective beyond it. By analyzing how economic arrangements influence artistic output, the study provides insights into institutional design, coordination mechanisms, and the broader societal value of cultural production.