This paper provides an economic analysis of the survey responses of visitors who were asked to make a “ value for money” (VFM) assessment of a museum visit. The paper first interprets the notion of VFM from an economic perspective, and distinguishes between evaluations made before and after...

This paper examines the contribution economic analysis can make to the study of museums as productive organisations, and considers some related policy issues. The paper also suggests areas where research by economists might prove most fruitful. Copyright Kluwer Academic Publishers 1998