Details

Autor(en) / Beteiligte

• BOTER, JAAP
• ROUWENDAL, JAN
• WEDEL, MICHEL

Titel

Employing Travel Time to Compare the Value of Competing Cultural Organizations

Ist Teil von

• Journal of cultural economics, 2005-02, Vol.29 (1), p.19-33

Ort / Verlag

New York: Springer

Erscheinungsjahr

2005

Link zum Volltext

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• A number of studies have applied non-market valuation techniques to measure the value of cultural goods. Virtually all of these studies are single case applications and rely mostly on stated preferences, such as contingent valuation techniques. We compare the relative value of multiple, competing goods and show how revealed preferences, in particular travel time, may be used for this. In addition, we account for heterogeneity. Using a unique transaction database with the visiting behavior of 80,821 Museum Cardholders to 108 Dutch museums, we propose a latent class application of a logit model to account for the different distances of museums to the population and for differences in willingness-to-travel.