Pay as you go: a new proposal for museum pricing
AbstractMuseums have many different goals beyond efficiency such as social equity, financial revenue, attracting donors and gaining international, regional or local prestige. Various pricing schemes are being discussed with the aim of reaching these goals. The classical ones are entry prices and free entry. The museum club solution or exit donations allow for various additional goals. Each scheme has clear advantages and disadvantages. We propose an innovative pricing instrument: Exit prices, which are charged according to the time spent in a museum. This scheme has a number of notable advantages, in particular the better choice available to the visitors, which increases their satisfaction.
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Bibliographic InfoPaper provided by Institute for Empirical Research in Economics - University of Zurich in its series IEW - Working Papers with number 485.
Date of creation: Apr 2010
Date of revision:
Prices; museums; culture; donations; homo oeconomicus;
Other versions of this item:
- Bruno S. Frey & Lasse Steiner, 2010. "Pay as you Go: A New Proposal for Museum Pricing," CESifo Working Paper Series 3045, CESifo Group Munich.
- Bruno S. Frey & Lasse Steiner, 2010. "Pay as You Go: A New Proposal for Museum Pricing," CREMA Working Paper Series 2010-10, Center for Research in Economics, Management and the Arts (CREMA).
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
- L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General
- H40 - Public Economics - - Publicly Provided Goods - - - General
- R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Other Production and Pricing Analysis
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- How to price museum visits
by Economic Logician in Economic Logic on 2010-06-15 14:25:00
- IntrÃ¤de till museer
by Niclas Berggren in Nonicoclolasos on 2010-06-23 03:33:06
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