Pay as you go: a new proposal for museum pricing

Bruno Frey and Lasse Steiner

No 485, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: Museums 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.

Keywords: Prices; museums; culture; donations; homo oeconomicus (search for similar items in EconPapers)
JEL-codes: H40 L21 L30 R32 Z11 (search for similar items in EconPapers)
Date: 2010-04
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Citations: View citations in EconPapers (2)

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Related works:
Working Paper: Pay as you Go: A New Proposal for Museum Pricing (2010)
Working Paper: Pay as You Go: A New Proposal for Museum Pricing (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:zur:iewwpx:485

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