Women and men in couples enjoy shared leisure activities. When their preferences are not aligned, they implicitly (or explicitly) bargain over their arts consumption. The more influential a woman is within the couple, the more both partners consume high culture in a way that matches female singles’ preferences.Continue reading “BARGAINING OVER THE BALLET”
By Alina Ozhegova and Evgeniy M. Ozhegov
Estimation of willingness-to-pay (WTP) is widely spread approach in economics and marketing for problems of optimal pricing and measuring of product value for a customer. Machine learning approaches may help to estimate a range of WTP for theatre tickets and explain main sources of audience heterogeneity in estimates of WTP.
By Andrea Baldin and Trine Bille
Most performing arts organizations are characterized by a complex array of objectives than merely the maximization of revenue. In this paper, we introduce a multi-objective optimization model that jointly considers pricing and seat allocation. The proposed model is validated with booking data referring to the Royal Danish theater during the period 2010–2015.
Continue reading “DO THEATERS MAXIMIZE ATTENDANCE OR REVENUE?”