DO THEATERS MAXIMIZE ATTENDANCE OR REVENUE?

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.
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ARTISTS’ SURVIVAL RATE: EDUCATION MATTERS

By Trine Bille and Søren Jensen

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The literature of cultural economics generally finds that an artistic education has no significant impact on artists’ income and careers in the arts. In our research, we have readdressed this question by looking at the artists’ survival in the arts occupations. The results show that an artistic education has a significant impact on artists’ careers in the arts and we find important industry differences.

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