Museums have many different goals beyond efficiency such as social equity, financial revenue, attracting donors and … better choice available to the visitors, which increases their satisfaction. …

This paper surveys the literature on the economics of museums. It first discusses aspects of the demand and supply of … policy issues connected with museums are discussed. The survey ends with discussing current trends in the museums world from …

In Europe, ever more private museums are now entering the field. This paper investigates the behavior of one of these … private museums, using an institutional approach of cultural economics. The Beyeler museum in Basle, Switzerland, is a …, differences between private and public museums emerge but to a lesser extent than expected according to theory. …

selfishness, there should be no cooperation at all. We also show that free riding causes strong negative emotions among … cooperators. The intensity of these emotions is the stronger the more the free riders deviate from the group standard. Our results … provide, therefore, support for the hypothesis that emotions are guarantors of credible threats. …

, people anger at transgressors and get pleasure from punishing them. I then study how social norms and emotions affect …