The behavior of art museums is studied by applying economic thinking to culture. Art museums keep a substantial share of their holdings in storage rooms and act in a little enterprising way. It is analyzed why the stock rarely or never displayed is not sold and the proceeds used to buy more...

The Motivation Crowding Effect suggests that external intervention via monetary incentives or punishments may undermine, and under different identifiable conditions strengthen, intrinsic motivation. As of today, the theoretical possibility of motivation crowding has been the main subject of...

Referenda and initiatives are hardly considered as democratic devices for a future Europe. Drawing on experimental evidence and empirical findings for Switzerland, the authors argue that direct democracy performs well for the provision of public goods and redistribution as it institutionalizes...