OPTIMAL PRICING AND GRANT POLICIES FOR MUSEUMS

Considering two potential sources of income (public grants and ticket revenues),we have defined a theoretical model where the public agency is the principal and the manager of the museum is the agent. This model allows us to design the optimal contract between both sides and thus to establish the optimal values of grants, ticket prices, budget and effort applied by the manager. Furthermore, we have found a theoretical reason to explain the inelastic pricing strategy that has been found in some of the empirical research on cultural and sports economics. The main conclusion is that the optimal contract allows a Pareto optimum solution in prices that does not change if we introduce moral hazard into this relationship. This solution allows us to conclude that the public agency should regulate ticket prices in accordance with the social valuation. However, public grants and museum budgets would be affected by the existence of this problem, moving the equilibrium away from the Pareto optimum situation. In this case, even with a risk averse manager and a risk neutral public agency, grants and budgets will depend on results because higher budgets related to good results provide the main incentives to increase the manager’s level of effort. Although the focus of this paper is on museum administration, the model that we have developed can be easily generalized and applied to other institutions, such as schools, sport facilities or NGOs, which are able to raise funds directly from private (e. g. ticket revenues or membership fees) or public sources (e.g. public grants).cultural economics, grants, public prices, museums, principal- agent model

Lipidic lyotropic liquid crystals: Insights on biomedical applications

Liquid crystals (LCs) possess unique physicochemical properties, translatable into a wide range of applications. To date, lipidic lyotropic LCs (LLCs) have been extensively explored in drug delivery and imaging owing to the capability to encapsulate and release payloads with different characteristics. The current landscape of lipidic LLCs in biomedical applications is provided in this review. Initially, the main properties, types, methods of fabrication and applications of LCs are showcased. Then, a comprehensive discussion of the main biomedical applications of lipidic LLCs accordingly to the application (drug and biomacromolecule delivery, tissue engi-neering and molecular imaging) and route of administration is examined. Further discussion of the main limi-tations and perspectives of lipidic LLCs in biomedical applications are also provided.Statement of significance: Liquid crystals (LCs) are those systems between a solid and liquid state that possess unique morphological and physicochemical properties, translatable into a wide range of biomedical applications. A short description of the properties of LCs, their types and manufacturing procedures is given to serve as a background to the topic. Then, the latest and most innovative research in the field of biomedicine is examined, specifically the areas of drug and biomacromolecule delivery, tissue engineering and molecular imaging. Finally, prospects of LCs in biomedicine are discussed to show future trends and perspectives that might be utilized. This article is an ampliation, improvement and actualization of our previous short forum article "Bringing lipidic lyotropic liquid crystal technology into biomedicine" published in TIPS

A numerical flow simulation of a mixed flow pump

Mixed flow pumps are primarily axial flow pumps, but they impart some degree of radial and swirling momentum to the pump fluid as it passes through the rotor section. They are popular for pumping water in tight spaces, so are used for residential wells, municipal water works, industrial applications, and even for powering small water craft

A numerical and experimental analysis of flow in a centrifugal pump

Computational fluid dynamics (CFD) analysis has been used to solve the unsteady three-dimensional viscous flow in the entire impeller and volute casing of a centrifugal pump. The results of the calculations are used to predict the impeller/volute interaction and to obtain the unsteady pressure distribution in the impeller and volute casing. The calculated unsteady pressure distribution is used to determine the unsteady blade loading. The calculations at the design point and at two off-design points are carried out with a multiple frame of reference and a sliding mesh technique is applied to consider the impeller/volute interaction

Ironwork of Teixois-Taramundi (Asturias) Spain

This paper describes an old ironwork placed in a Spanish village. All parts of it are studied, specially the Air supply and the Hydraulic wheel. The minimum area in the water trump for a correct air flow is calculated. On the other hand, also the power supply by the hydraulic wheel, in normal conditions, to move the hammer with a required frequency is calculated

Avances en el control del bitter pit en manzano.

En este trabajo se realiza una sucinta recopilación de los últimos avances en la investigación aplicada al control del bitter pit en la Estación Experimental de Aula Dei (EEAD-CSIC). Se describen nuevas formulaciones y estrategias de aplicación foliar con calcio, un método físico postcosecha y el método de tinción selectiva de calcio en frut