PAY-WHAT-YOU-WANT IN CULTURAL INSTITUTIONS: TOP MANAGERIAL TIPS

By Anna Kukla-Gryz, Katarzyna Zagórska and Peter Szewczyk

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Managers of cultural institutions, looking for a way to make your institution more accessible, while still remaining profitable? Consider a “pay what you want” admission policy! Our research on PWYW for cultural goods has shown us clear ways the payment scheme could be best implemented. Continue reading “PAY-WHAT-YOU-WANT IN CULTURAL INSTITUTIONS: TOP MANAGERIAL TIPS”

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MUSEUMS SELLING ART: LA LIAISON DANGEREUSE BETWEEN DEACCESSIONS AND DONATIONS

By Luigi Di Gaetano and Isidoro Mazza

Economic downturns and policy reversals have caused a shortage of public and private funding for many museums. Museums in dire straits have therefore considered deaccessioning part of their collection. The question whether deaccessions could be a viable, although exceptional, option continues to ignite a lively debate and a fierce opposition by museum associations around the world fearing that deaccessioning would send a bad signal to donors. The study investigates this hypothesis using a game theory approach.

Continue reading “MUSEUMS SELLING ART: LA LIAISON DANGEREUSE BETWEEN DEACCESSIONS AND DONATIONS”

DONOR GOVERNANCE AND FINANCIAL MANAGEMENT IN PROMINENT US ART MUSEUMS

By David Yermack

In the article, we study “donor governance”, which occurs when contributors to nonprofit firms place restrictions on their gifts to limit the discretion of managers. In a study of US art museums, we find that when donor restrictions are strong, museums shift their cost structures away from administration and toward program services. Restricted donations also appear to stabilize nonprofits, but reduce management flexibility.

Continue reading “DONOR GOVERNANCE AND FINANCIAL MANAGEMENT IN PROMINENT US ART MUSEUMS”

TOURISTS AND MUSEUMS: WHEN LEISURE BECOMES LEARNING

By Juan Gabriel Brida, Chiara Dalle Nogare and Raffaele Scuderi

Are museums successful in their mission to disseminate culture, and as such, to be means for learning in the era of iconic consumption? Our findings seem to suggest that they can be places where informal learning occurs also for leisure-motivated tourists.

Continue reading “TOURISTS AND MUSEUMS: WHEN LEISURE BECOMES LEARNING”

FOR MUSEUMS, WITH RAIN COME CROWDS?

By Harold E. Cuffe

Weather is regarded as an important determinant of leisure choices, yet little attention has been paid to the ways that weather affects museum attendance. I find that rainfall generally increases attendance at a large national museum, on average. However, closer scrutiny of the data shows that weather can possess both encouraging and discouraging effects on attendance, depending upon the timing and persistence of the rain.

Continue reading “FOR MUSEUMS, WITH RAIN COME CROWDS?”

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