ACCOUNTING FOR HERITAGE ASSETS

By Lucia Biondi

Cultural heritage is one of the main features making Italy known worldwide. This contribution redresses the neglect of accounting in the important debate over new public governance. Prominence of accounting practices in the world of business and in the public sector remains. However, there remain pernicious problems within conventional accounting practice, which in themselves can confound the desire for good public governance and which cannot be ignored.

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MEASURING EMOTION THROUGH QUALITY IN SYMPHONY ORCHESTRAS

By Mafalda Gómez-Vega and Luis César Herrero-Prieto

Repertoire programming decisions taken by symphony orchestras usually pursue a mixture of aims that embrace both quality and audience success. We also assume there is a link between fineness or brilliance and excitement. Based on these premises, we assess the quality of symphony orchestras by evaluating their musical repertoire using three partial indicators: contemporaneity, most well-known composers, and repertoire originality.

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MULTIPLE ROADS TO BECOME SUCCESSFUL AS A DESIGNER

By Sofie Jacobs

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Independent designers work in a highly competitive and complex environment. Most studies research the growth of large design companies. However, the majority of independent designers is very small-sized or works as a freelancer. Small-sized independent designers have a higher chance to succeed when working full-time, developing a clear design line, owning a strong personal compass, and having a strong network.

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DOUBLE JEOPARDY – MORE FLEXIBLE SUBSCRIPTION TICKETS AND HIGHER TICKET PRICES

By Jeffrey Pompe, Lawrence Tamburri and Johnathan Munn

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Symphony orchestras have increasingly relied on flexible ticket subscriptions and higher ticket prices for revenue generation. We found that relying on flexible ticket subscriptions may decrease total ticket sales. We discuss how more flexible subscription sales combined with higher ticket prices can have deleterious effects on symphony orchestra finances.

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NUDGE: IMPROVING DECISIONS ABOUT ARTS AND CULTURE?

By Boram Lee

Nudge might sound like “marketing with psychological tricks,” and nothing new; its effectiveness may run out as society gets wise. The science of “nudge” is, however, changing the context of how the options are presented. We wanted to explore whether we could implement the concept of “nudge” in order to increase private donations to art organisations. When potential donors were nudged to donate, we observed significant loss aversion effects as frequent gallery-goers donated more in order to avoid losing an exhibition.

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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.

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