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Cultural Economics and Museum Behaviour


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  • Frey, Bruno S


The behavior of art museums is studied by applying economic thinking to culture. Art museums keep a substantial share of their holdings in storage rooms and act in a little enterprising way. It is analyzed why the stock rarely or never displayed is not sold and the proceeds used to buy more suitable paintings, or for restoration, extending showroom capacity and visiting hours, or improving fire and security precautions. It is suggested that giving museum directorates the necessary incentives and independence to employ the resources at their disposition more freely would greatly improve the situation. Copyright 1994 by Scottish Economic Society.

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Bibliographic Info

Article provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.

Volume (Year): 41 (1994)
Issue (Month): 3 (August)
Pages: 325-35

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Handle: RePEc:bla:scotjp:v:41:y:1994:i:3:p:325-35

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Cited by:
  1. Juan Prieto Rodríguez & Víctor Fernández Blanco, . "Optimal Pricing And Grant Policies For Museums," Working Papers, Instituto de Estudios Fiscales 3-02 Classification-JEL :, Instituto de Estudios Fiscales.
  2. John Ashworth & Peter Johnson, 1996. "Sources of “value for money” for museum visitors: Some survey evidence," Journal of Cultural Economics, Springer, Springer, vol. 20(1), pages 67-83, March.
  3. Murat Arik & Hulya Varol & Stan McMillen, 2000. "The Economic Impact of the New Britain Museum of American Art Expansion," CCEA Studies, University of Connecticut, Connecticut Center for Economic Analysis 2000-05, University of Connecticut, Connecticut Center for Economic Analysis.
  4. David Maddison, 2004. "Causality and Museum Subsidies," Journal of Cultural Economics, Springer, Springer, vol. 28(2), pages 89-108, May.
  5. Silvia Fedeli & Michele Santoni, 2006. "The Government's Choice of Bureaucratic Organisation: An Application to Italian State Museums," Journal of Cultural Economics, Springer, Springer, vol. 30(1), pages 41-72, March.
  6. Bruno S. Frey & Stephan Meier, . "Museums between Private and Public - The Case of the Beyeler Museum in Basle," IEW - Working Papers, Institute for Empirical Research in Economics - University of Zurich 116, Institute for Empirical Research in Economics - University of Zurich.
  7. Frey, Bruno S. & Meier, Stephan, 2006. "The Economics of Museums," Handbook of the Economics of Art and Culture, Elsevier, Elsevier.
  8. Peter Johnson & Barry Thomas, 1998. "The Economics of Museums: A Research Perspective," Journal of Cultural Economics, Springer, Springer, vol. 22(2), pages 75-85, June.
  9. Bruno Frey, 1998. "Superstar Museums: An Economic Analysis," Journal of Cultural Economics, Springer, Springer, vol. 22(2), pages 113-125, June.
  10. Michael Rushton, 2000. "Public Funding of Controversial Art," Journal of Cultural Economics, Springer, Springer, vol. 24(4), pages 267-282, November.
  11. Frey, Bruno S. & Eichenberger, Reiner, 1995. "On the rate of return in the art market: Survey and evaluation," European Economic Review, Elsevier, Elsevier, vol. 39(3-4), pages 528-537, April.
  12. Sir Alan Peacock, 2000. "Public financing of the arts in England," Fiscal Studies, Institute for Fiscal Studies, Institute for Fiscal Studies, vol. 21(2), pages 171-205, June.


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