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Title:Pay as you go: A new proposal for museum pricing PDF Logo
Authors:Frey, Bruno S.
Steiner, Lasse
Issue Date:2010
Series/Report no.:CESifo working paper Public Choice 3045
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.
Subjects:prices
museums
culture
donations
homo oeconomicus
JEL:Z11
L30
H40
R32
L21
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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