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Non-profit Firm Models and Museum Demand Estimation

Author

Listed:
  • Carlos Casacuberta

    (FCS, UdelaR, Uruguay)

Abstract

A version of Hansmann (1981) economic model of non profit institutions is analyzed to derive museums pricing schedules. These are paired with demand for museum attendance derived from utility maximisation by heterogeneous consumers that care for museum characteristics, in order to provide an empirical strategy to identify museum demand based on the usual micro database including museum prices, attendance and characteristics, as well as socio demographic indicators of hosting towns. Following the empirical literature we address the endogeneity of observed prices and the large number of zero price observations. To tackle them we propose an instrumental variable estimation, while also using selection correction techniques. The model is estimated using data from the 2007 Census of Uruguayan Museums. We do not find a significant effect of price on attendance.

Suggested Citation

  • Carlos Casacuberta, 2017. "Non-profit Firm Models and Museum Demand Estimation," Hacienda Pública Española / Review of Public Economics, IEF, vol. 221(2), pages 33-45, June.
    • Handle: RePEc:hpe:journl:y:2017:v:221:i:2:p:33-45
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    References listed on IDEAS

    as
    1. Bruno S. Frey & Lasse Steiner, 2010. "Pay as you Go: A New Proposal for Museum Pricing," CESifo Working Paper Series 3045, CESifo.
    2. Berry, Steven & Levinsohn, James & Pakes, Ariel, 1995. "Automobile Prices in Market Equilibrium," Econometrica, Econometric Society, vol. 63(4), pages 841-890, July.
    3. Carlofilippo Frateschi & Elisabetta Lazzaro & Luis Palma Martos, 2009. "A comparative econometric analysis of museum attendance by locals and foreigners: The cases of Padua and Seville," ULB Institutional Repository 2013/149120, ULB -- Universite Libre de Bruxelles.
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    More about this item

    Keywords

    Economics of museums; Economics of arts and culture;

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics

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