"The Economic Value of Attendance at a Museum with No Admission Fee"
15th June 2017
ESRI Seminar – The Economic Value of Attendance at a Museum with No Admission Fee
Guest Speaker: Professor Vincent G. Munley, Lehigh University
Venue: ESRI, Whitaker Square, Sir John Rogerson’s Quay, Dublin 2
Date: Thursday 15 June 2017
The question as to whether museums, as cultural institutions whose primary mission in addition to preservation, research and education includes making their collections accessible to as broad a segment of the population as possible, should offer free admission or charge an admission fee has for decades – if not centuries – been the focus of analysis and debate within the public policy arena. Dimensions of this discourse range from how to define and measure operationally the socioeconomic characteristics of population segments that tend to visit or not visit museums to the design of admission fee regimes that can generate needed revenues to support museum operations while accommodating accessibility goals to the equity and efficiency considerations present in any pricing decision for publicly provided goods and services. Given the breadth and duration of this discourse as well as actual changes implemented over time in public policies regarding museum admissions fees the sparsity of empirical evidence about the basic demand relationship between price and museum attendance capable of informing this debate is surprising.
This paper provides empirical evidence about the demand for museum attendance in the absence of an admission fee. The analysis is based on data obtained from a survey of visitors to the Galway, Ireland Museum over the years 2007 through 2010. The results provide estimates of the total value (consumer surplus) of annual museum visits when no admission fee is charged. Using these results it is possible to determine the welfare effects of predicted reductions in the number of visits at various levels of an admission fee. The results also provide insight about the effect on demand for subsequent versus initial museum visits, a focus of continuing interest within the cultural economics literature.
Vincent Munley began his academic career at Lehigh in 1980, after serving for two years as a staff economist for the President’s Council on Wage and Price Stability. He served for ten years as a member of Pennsylvania Department of Environmental Resources’ Air and Water Quality Technical Advisory Committee. He was a Visiting Scholar at the Advisory Commission on Intergovernmental Relations in Washington, D.C. and a Fulbright Scholar at the National University of Ireland, Galway. From 2010 until 2017, he served as the University’s Deputy Provost for Faculty Affairs. His research is directed at the empirical study of public policy issues, in particular topics related to fiscal federalism. The results have been published in journals that include the American Economic Review, Economic Inquiry, Education Finance and Policy, the Journal of Education Finance, the Journal of Environmental Economics and Management, the Journal of Legal Studies, the Journal of Public Economics, Land Economics, Public Choice, Public Finance/Finances Publiques, Publius, and the Southern Economic Journal.
There is no fee for this event but booking is essential. Should you wish to book a place please register using the following link.