 MuseumsChapter Chapter 10 in Economics of Art and Culture, 2019, pp 77-88 from Springer Abstract: Abstract Major determinants of museum visits are entry fee, visitors’ income and education, the quality of the collection, the attractiveness of the building, and the levels of amenities and marketing activities. Museums produce social non-use values: options, existence, bequest, prestige, and education, for which they are not compensated in monetary terms. Impact studies tend to focus on purely material effects of museums which is most questionable. The supply of museums is characterized by high fixed costs for buildings, collections, and staff. Blockbuster exhibitions, differentiating entry fees, and enlarging commercial activities can also raise revenue. The behaviour of purely public and private museums differs substantially. In both organizations, the directors are reluctant to sell any part of their holdings, even when under financial stress. Keywords: Entrance fee; Pricing options; Income; Education; Collection; Storage; Monetization; Buildings; Architecture; Amenities; Marketing; Blockbuster exhibitions; Commercial activities; Public museums; Private museums; Social demand; Revealed behaviour; Compensating variation; Popular referenda; Impact studies; Donations; Museum directors; Institutional conditions (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-030-15748-7_10 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-15748-7_10 Access Statistics for this chapter More chapters in SpringerBriefs in Economics from Springer |
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