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The Economics of Museums

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Author Info
Frey, Bruno S.
Meier, Stephan

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Abstract

Museums fulfill many important functions in the art world and visits to museums are becoming an important leisure and holiday activity. This chapter surveys research about the functioning of museums from an economic point of view. Museum services are shaped by demand and supply factors and by the institutional setting constraining the decision makers in a museum. This chapter argues that the institutional factors, e.g., whether a museum is private or public, influence greatly how the museum is run with respect to the management of the collection, price setting, or the focus on commercial activities. Two current trends, the evolution of superstar museums and the growing importance of special exhibitions, are analysed from an economic point of view.

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This chapter was published in: V.A. Ginsburgh & D. Throsby (ed.) , Elsevier, chapter 29, pages 1017-1047, 2006.

This item is provided by Elsevier in its series Handbook of the Economics of Art and Culture with number 1-29.

Handle: RePEc:eee:artchp:1-29

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This chapter was published in the following book, which is listed on IDEAS:
V.A. Ginsburgh & D. Throsby (ed.), 2006. "Handbook of the Economics of Art and Culture," Handbook of the Economics of Art and Culture, Elsevier, edition 1, volume 1, number 1, December. [Downloadable!] (restricted)
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Find related papers by JEL classification:
Z19 - Other Special Topics - - Cultural Economics - - - Other

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. John W. O'Hagan, 1995. "National Museums: To Charge or not to charge?," Economics Policy Papers 952, Trinity College Dublin, Department of Economics. [Downloadable!]
  2. Glazer, Amihai & Konrad, Kai A, 1996. "A Signaling Explanation for Charity," American Economic Review, American Economic Association, vol. 86(4), pages 1019-28, September. [Downloadable!] (restricted)
  3. Juan Prieto-Rodriguez & Victor Fernandez-Blanco, 2003. "Optimal Pricing And Grant Policies For Museums," Public Economics 0309002, EconWPA. [Downloadable!]
    Other versions:
  4. Luksetich, William A & Partridge, Mark D, 1997. "Demand Functions for Museum Services," Applied Economics, Taylor and Francis Journals, vol. 29(12), pages 1553-59, December. [Downloadable!] (restricted)
  5. John A. List & David Lucking-Reiley, 2002. "The Effects of Seed Money and Refunds on Charitable Giving: Experimental Evidence from a University Capital Campaign," Journal of Political Economy, University of Chicago Press, vol. 110(1), pages 215-233, February. [Downloadable!] (restricted)
    Other versions:
  6. Filer, Randall K, 1986. "The "Starving Artist"-Myth or Reality? Earnings of Artists in the United States," Journal of Political Economy, University of Chicago Press, vol. 94(1), pages 56-75, February. [Downloadable!] (restricted)
  7. Hirshleifer, Jack, 1985. "The Expanding Domain of Economics," American Economic Review, American Economic Association, vol. 75(6), pages 53-68, December. [Downloadable!] (restricted)
  8. Bruno Frey, 1998. "Superstar Museums: An Economic Analysis," Journal of Cultural Economics, Springer, vol. 22(2), pages 113-125, June. [Downloadable!] (restricted)
  9. J. Schuster, 1998. "Neither Public Nor Private: The Hybridization of Museums," Journal of Cultural Economics, Springer, vol. 22(2), pages 127-150, June. [Downloadable!] (restricted)
  10. Rosen, Sherwin, 1981. "The Economics of Superstars," American Economic Review, American Economic Association, vol. 71(5), pages 845-58, December. [Downloadable!] (restricted)
  11. David C. Ribar & Mark O. Wilhelm, 2002. "Altruistic and Joy-of-Giving Motivations in Charitable Behavior," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 425-457, April. [Downloadable!] (restricted)
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  12. Werner Pommerehne & Lars Feld, 1997. "The Impact of Museum Purchase on the Auction Prices of Paintings," Journal of Cultural Economics, Springer, vol. 21(3), pages 249-271, September. [Downloadable!] (restricted)
  13. Henry Hansmann, 1981. "Nonprofit Enterprise in the Performing Arts," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 341-361, Autumn. [Downloadable!] (restricted)
  14. Glaeser, Edward L. & Shleifer, Andrei, 2001. "Not-for-profit entrepreneurs," Journal of Public Economics, Elsevier, vol. 81(1), pages 99-115, July. [Downloadable!] (restricted)
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  15. Harbaugh, William T., 1998. "What do donations buy?: A model of philanthropy based on prestige and warm glow," Journal of Public Economics, Elsevier, vol. 67(2), pages 269-284, February. [Downloadable!] (restricted)
  16. Frey, Bruno S, 1994. "Cultural Economics and Museum Behaviour," Scottish Journal of Political Economy, Scottish Economic Society, vol. 41(3), pages 325-35, August.
  17. Peacock, Alan T, 1969. "Welfare Economics and Public Subsidies to the Arts," The Manchester School of Economic & Social Studies, Blackwell Publishing, vol. 37(4), pages 323-35, December.
  18. Gapinski, James H, 1984. "The Economics of Performing Shakespeare," American Economic Review, American Economic Association, vol. 74(3), pages 458-66, June. [Downloadable!] (restricted)
  19. Daniel R. Marburger, 1997. "Optimal ticket pricing for performance goods," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 18(5), pages 375-381.
  20. Ginsburgh, Victor & Zang, Israel, 2003. "The museum pass game and its value," Games and Economic Behavior, Elsevier, vol. 43(2), pages 322-325, May. [Downloadable!] (restricted)
  21. Adrian Darnell, 1998. "Some Simple Analytics of Access and Revenue Targets," Journal of Cultural Economics, Springer, vol. 22(2), pages 189-196, June. [Downloadable!] (restricted)
  22. María V. Gómez, 1998. "Reflective images: the case of urban regeneration in Glasgow and Bilbao," International Journal of Urban and Regional Research, Blackwell Publishing, vol. 22(1), pages 106-121, 03. [Downloadable!] (restricted)
  23. François Mairesse & Philippe Vanden Eeckaut, 2002. "Museum Assessment and FDH Technology: Towards a Global Approach," Journal of Cultural Economics, Springer, vol. 26(4), pages 261-286, November. [Downloadable!] (restricted)
  24. Schulze, Gunther G & Ursprung, Heinrich W, 2000. " La donna e mobile--Or Is She? Voter Preferences and Public Support for the Performing Arts," Public Choice, Springer, vol. 102(1-2), pages 131-49, January. [Downloadable!] (restricted)
  25. Blaug, Mark, 2001. " Where Are We Now on Cultural Economics?," Journal of Economic Surveys, Blackwell Publishing, vol. 15(2), pages 123-43, April. [Downloadable!] (restricted)
  26. Faye Steiner, 1997. "Optimal Pricing of Museum Admission," Journal of Cultural Economics, Springer, vol. 21(4), pages 307-333, December. [Downloadable!] (restricted)
  27. Throsby, David, 1994. "The Production and Consumption of the Arts: A View of Cultural Economics," Journal of Economic Literature, American Economic Association, vol. 32(1), pages 1-29, March. [Downloadable!] (restricted)
  28. William A. Luksetich & Mark D. Partridge, 1997. "Demand functions for museum services," Applied Economics, Taylor and Francis Journals, vol. 29(12), pages 1553-1559, December. [Downloadable!] (restricted)
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Bruno S. Frey & Simon Luechinger & Alois Stutzer, . "Calculating Tragedy: Assessing the Costs of Terrorism," IEW - Working Papers iewwp205, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  2. Enrico De Giorgi & Stefan Reimann, . "The ?-Beauty Contest: Choosing Numbers, Thinking Intervals," IEW - Working Papers iewwp183, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  3. Laura Onofri & Antonello Scorcu, 2006. "The Life Cycle of Temporary Cultural Exhibitions: An Empirical Exploration," International Journal of the Economics of Business, Taylor and Francis Journals, vol. 13(3), pages 447-460, November. [Downloadable!] (restricted)
  4. Matthias Benz & Bruno S. Frey, . "Corporate Governance: What can we Learn from Public Governance?," IEW - Working Papers iewwp166, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  5. Armin Falk & Urs Fischbacher & Simon Gächter, . "Living in Two Neighborhoods - Social Interactions in the Lab," IEW - Working Papers iewwp150, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  6. Bruno S. Frey, . "Direct Democracy for Transition Countries," IEW - Working Papers iewwp165, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  7. Steffen Huck & Michael Kosfeld, . "The Dynamics of Neighbourhood Watch and Norm Enforcement," IEW - Working Papers iewwp199, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  8. Bruno S. Frey, . "Happiness Research: State and Prospects," IEW - Working Papers iewwp192, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  9. Aleksander Berentsen & Esther Bruegger & Simon Loertscher, . "Heterogeneity, Local Information, and Global Interaction," IEW - Working Papers iewwp182, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  10. Bruno S. Frey & Alois Stutzer, . "Direct Democracy: Designing a Living Constitution," IEW - Working Papers iewwp167, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  11. Thorsten Hens & P. Jean-Jacques Herings & Arkadi Predtetchinskii, . "Limits to Arbitrage when Market Participation Is Restricted," IEW - Working Papers iewwp176, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  12. Ernst Fehr & Klaus M. Schmidt, . "The Role of Equality, Efficiency, and Rawlsian Motives in Social Preferences: A Reply to Engelmann and Strobel," IEW - Working Papers iewwp179, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  13. Matthias Benz & Bruno S. Frey, . "The Value of Autonomy: Evidence from the Self-Employed in 23 Countries," IEW - Working Papers iewwp173, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  14. Aleksander Berentsen & Guillaume Rocheteau, . "On the Friedman Rule in Search Models with Divisible Money," IEW - Working Papers iewwp155, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  15. Igor Evstigneev & Thorsten Hens & Klaus Reiner Schenk-Hoppé, . "Evolutionary Stable Stock Markets," IEW - Working Papers iewwp170, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  16. Pavlo Blavatskyy, . "Why the Olympics have three prizes and not just one," IEW - Working Papers iewwp200, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  17. Aleksander Berentsen & Esther Brügger & Simon Lörtscher, . "On Cheating and Whistle-Blowing," IEW - Working Papers iewwp153, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  18. Bruno S. Frey & Margit Osterloh, . "Yes, Managers Should be Paid Like Bureaucrats," IEW - Working Papers iewwp187, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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