Museum economics: how the contemporary art boom is hurting the bottom line
- Written by Robert Ekelund, Eminent Scholar and Professor of Economics Emeritus, Auburn University
Americans clearly love their museums, particularly in the summer months. In fact, museum attendance is estimated at about 850 million visits a year, significantly more than all the major league sporting and theme parks combined (about 483 million in 2011).
That’s in a part because they have a lot of choices. If you include zoos, historical...
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