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Use value of cultural experiences: A comparison of contingent valuation and travel cost

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  • Armbrecht, John

Abstract

Few applications to assess the value of cultural experiences exist. This is particularly frustrating for cultural institutions, as it provides them with few opportunities to reveal their importance in terms of attractiveness and thus what drives tourism demand. This study applies the travel cost method (TCM) and contingent valuation method (CVM) to assess the value of two rural cultural institutions in order to compare the results of the valuation methods.

Suggested Citation

  • Armbrecht, John, 2014. "Use value of cultural experiences: A comparison of contingent valuation and travel cost," Tourism Management, Elsevier, vol. 42(C), pages 141-148.
    • Handle: RePEc:eee:touman:v:42:y:2014:i:c:p:141-148
    DOI: 10.1016/j.tourman.2013.11.010
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