Copyrights establish intellectual property rights in creative goods, from literature and science to images, film, and music. This work shows that the introduction of copyrights increases the quantity and the quality of creative output. Copyright extensions beyond the life of the original creator, however, have minimal effects on creativity.Continue reading “DOES COPYRIGHTS INCREASE CREATIVITY? LESSONS FROM ITALIAN OPERA DURING THE NAPOLEONIC AGE”
Ambitions for social inclusion have guided the publicly funded opera houses and symphony orchestras since the early twentieth century. However, this explicit policy goal has not influenced ticket prices during the last four decades. The successive ticket price increases have resulted in a situation where only the better off attend the performances.Continue reading “HOW TICKET PRICES TO SWEDISH OPERA HOUSES AND SYMPHONY ORCHESTRAS HAVE BECOME INCREASINGLY EXCLUSIVE”
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?”