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A new rule for the problem of sharing the revenue from museum passes

Author

Listed:
  • Gustavo Bergantiños

    (Universidad de Vigo)

  • Juan D. Moreno-Ternero

    (U. Pablo de Olavide y CORE, Université catholique de Louvain)

Abstract

We present a new rule for the problem of sharing the revenue from museum passes. The rule allocates the revenue from each pass proportionally to the product of the admission fee and the number of total visits (with and without pass) of the museums. We provide a systematic study of the properties of the rule, in comparison with other rules in the literature.

Suggested Citation

  • Gustavo Bergantiños & Juan D. Moreno-Ternero, 2016. "A new rule for the problem of sharing the revenue from museum passes," Working Papers 16.02, Universidad Pablo de Olavide, Department of Economics.
    • Handle: RePEc:pab:wpaper:16.02
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    References listed on IDEAS

    as
    1. Arantza Estévez-Fernández & Peter Borm & Herbert Hamers, 2012. "A Note On Passepartout Problems," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 14(02), pages 1-9.
    2. Ginsburgh, Victor & Zang, Israel, 2003. "The museum pass game and its value," Games and Economic Behavior, Elsevier, vol. 43(2), pages 322-325, May.
    3. Casas-Méndez, Balbina & Fragnelli, Vito & García-Jurado, Ignacio, 2011. "Weighted bankruptcy rules and the museum pass problem," European Journal of Operational Research, Elsevier, vol. 215(1), pages 161-168, November.
    4. Bergantiños, Gustavo & Moreno-Ternero, Juan D., 2015. "The axiomatic approach to the problem of sharing the revenue from museum passes," Games and Economic Behavior, Elsevier, vol. 89(C), pages 78-92.
    5. Balbina Casas-Mendez & Vito Fragnelli & Ignacio Garcìa-Jurado, 2014. "A survey of allocation rules for the museum pass problem," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(2), pages 191-205, May.
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    Cited by:

    1. José-manuel Giménez-gómez & Cori Vilella, 2017. "Recursive methods for discrete claims problems," Economics Bulletin, AccessEcon, vol. 37(3), pages 1653-1665.
    2. Algaba, Encarnación & Béal, Sylvain & Fragnelli, Vito & Llorca, Natividad & Sánchez-Soriano, Joaquin, 2019. "Relationship between labeled network games and other cooperative games arising from attributes situations," Economics Letters, Elsevier, vol. 185(C).
    3. Arantza Estévez-Fernández & José Manuel Giménez-Gómez & María José Solís-Baltadano, 2019. "Sequential bankruptcy problems," Tinbergen Institute Discussion Papers 19-076/II, Tinbergen Institute.
    4. Qianqian Kong & Hans Peters, 2023. "Sequential claim games," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 45(3), pages 955-975, September.
    5. Encarnaciön Algaba & Sylvain Béal & Vito Fragnelli & Natividad Llorca & Joaquin Sänchez-Soriano, 2019. "Relationship between labeled network games and museum pass games," Working Papers 2019-02, CRESE.

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    More about this item

    Keywords

    axioms; resource allocation; museum passes; proportional; marginality.;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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