The development of econometric models and a data base to predict the responsiveness of arts institutions to changes in the economy is reported. The study focused on models for museums, theaters (profit and non-profit), symphony, ballet, opera, and dance. The report details four objectives of the project: to identify useful databases and studies on the economics of the visual and performing arts, construct a series of econometric models characteristic of the arts industry, acquire data and create analytical files, and estimate and analyze the models. Models for each of the arts forms are presented in detail as well as a model for all the art forms combined. Data were obtained from the Ford Foundation, Theatre Communications Group, Center for Policy Research, other foundation reports, books, and periodicals. Variables included demand; cost; price; federal, regional, and foundation grants; private contributions; capacity extension factor; fund raising expenditures; and subscription sales. The estimation process, in which the acquired data were applied to the conceptual models, indicates that preliminary efforts at model estimation accurately describe a large part of the behavior of various organizations. Over 100 graphs and tables are contained in the document. (KC)