Optimal pricing of museum admission

被引:21
作者
Steiner F. [1 ]
机构
[1] Department of Economics, Stanford University, Stanford
关键词
Admission fee; Art; Museum;
D O I
10.1023/A:1007432901540
中图分类号
学科分类号
摘要
This paper examines the impact of free admission on museum revenue and evaluates the desirability, from an income maximizing perspective, of an additional free day. The model capitalizes on diverse audience composition. Regression analysis is used to estimate marginal shop and restaurant revenue for both art patrons and marginal consumers. Empirical estimation shows that an additional free day would not be profitable. A theoretical model which specifies crowding and "museum recognition" effects is provided as an appendix. © 1997 Kluwer Academic Publishers.
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收藏
页码:307 / 333
页数:26
相关论文
共 1 条
[1]  
Gapinski J.H., The Lively Arts as Substitutes for the Lively Arts, American Economic Review, MAY, pp. 20-25, (1986)