ABSTRACT
This chapter deals with economic dimension of the experience economy (EE); that is to say, with how economic value is created between customers and producers and is articulated via monetary transactions. These transactions take spatial forms and steps in time that are typical of the EE. The chapter suggests that the complementarity of presential and referential transactions and the link between Territorial economic transaction (TET)s and usual industry opens new ways to think about territorial development in a time when the mobility of people and information increases continuously and consequently when sociocultural value becomes an increasing component of economic value. In economic systems dominated by self-production and self-consumption, like a family, there is no need for an abstraction like a price because those systems are based exclusively on the use-value associated with cultural meaning. In such socio-economic organizations, there is no money, no clear distinction between producers and consumers and valuation processes take place in the frame of the community.
