Application of the travel cost method to estimate the economic value of cultural goods: Blockbuster art exhibitions
AbstractIn recent years a growing number of studies have started to apply non-market valuation methods to estimate the economic value of cultural goods. The majority of these studies use stated preference techniques, such as the contingent valuation method. This study discusses the application of the travel cost method to estimate the economic value of a specific type of cultural good: special exhibitions. The empirical work focuses on the touring exhibition the ‘Ages of Mankind’, one of the first and most representative examples of a blockbuster art exhibition in Spain. This is the first time, as far as we know, that this method has been applied to a large temporary exhibition and is one of the few applications of this method in the valuation of cultural goods.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by IEF in its journal Hacienda Pública Española/Revista de Economía Pública.
Volume (Year): 196 (2011)
Issue (Month): 1 (january)
Blockbuster arts exhibitions; non-market valuation; revealed preferences; travel cost method; cultural economics.;
Find related papers by JEL classification:
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- D60 - Microeconomics - - Welfare Economics - - - General
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Forrest, David & Grime, Keith & Woods, Robert, 2000. "Is It Worth Subsidising Regional Repertory Theatre?," Oxford Economic Papers, Oxford University Press, vol. 52(2), pages 381-97, April.
- Juan Prieto-Rodríguez & Víctor Fernández-Blanco, 2006.
"Optimal pricing and grant policies for museums,"
Journal of Cultural Economics,
Springer, vol. 30(3), pages 169-181, December.
- Juan Prieto Rodríguez & Víctor Fernández Blanco, . "Optimal Pricing And Grant Policies For Museums," Working Papers 3-02 Classification-JEL :, Instituto de Estudios Fiscales.
- Juan Prieto-Rodriguez & Victor Fernandez-Blanco, 2003. "Optimal Pricing And Grant Policies For Museums," Public Economics 0309002, EconWPA.
- Dick Stanley & Judy Rogers & Sandra Smeltzer & Luc Perron, 2000. "Win, Place or Show: Gauging the Economic Success of the Renoir and Barnes Art Exhibits," Journal of Cultural Economics, Springer, vol. 24(3), pages 243-255, August.
- Frey, Bruno S. & Meier, Stephan, 2006.
"The Economics of Museums,"
Handbook of the Economics of Art and Culture,
- Michael D. Bowes & John B. Loomis, 1980. "A Note on the Use of Travel Cost Models with Unequal Zonal Populations," Land Economics, University of Wisconsin Press, vol. 56(4), pages 465-470.
- Jens B. Christensen & Colin Price, 1982. "A Note on the Use of Travel Cost Models with Unequal Zonal Populations: Comment," Land Economics, University of Wisconsin Press, vol. 58(3), pages 395-399.
- Alan Randall, 1994. "Difficulty with the Travel Cost Method," Land Economics, University of Wisconsin Press, vol. 70(1), pages 88-96.
- Michael D. Bowes & John B. Loomis, 1982. "A Note on the Use of Travel Cost Models with Unequal Zonal Populations: Reply," Land Economics, University of Wisconsin Press, vol. 58(3), pages 408-410.
- Victor Ginsburgh & David Throsby, 2006.
"Handbook of the economics of art and culture,"
ULB Institutional Repository
2013/1673, ULB -- Universite Libre de Bruxelles.
- Anna Alberini & Alberto Longo, 2006. "Combining the travel cost and contingent behavior methods to value cultural heritage sites: Evidence from Armenia," Journal of Cultural Economics, Springer, vol. 30(4), pages 287-304, December.
- Frank J. Cesario, 1976. "Value of Time in Recreation Benefit Studies," Land Economics, University of Wisconsin Press, vol. 52(1), pages 32-41.
- Douglas Noonan, 2003. "Contingent Valuation Studies in the Arts and Culture: An Annotated Bibliography," Working Papers 0304, Harris School of Public Policy Studies, University of Chicago.
- Louis Lévy-Garboua & Claude Montmarquette, 2002. "The Demand for the Arts," CIRANO Working Papers 2002s-10, CIRANO.
- K. G. Willis & G. D. Garrod, 1991. "An Individual Travel-Cost Method Of Evaluating Forest Recreation," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(1), pages 33-42.
- Hellerstein, Daniel, 1995. "Welfare Estimation Using Aggregate and Individual-Observations Models: A Comparison Using Monte Carlo Techniques," MPRA Paper 25267, University Library of Munich, Germany.
- Loa Buchli & Massimo Filippini & Silvia Banfi, 2003. "Estimating the benefits of low flow alleviation in rivers: the case of the Ticino River," Applied Economics, Taylor & Francis Journals, vol. 35(5), pages 585-590.
- Sarah Skinner, 2006. "Estimating the real growth effects of blockbuster art exhibits: A time series approach," Journal of Cultural Economics, Springer, vol. 30(2), pages 109-125, September.
- Jaap Boter & Jan Rouwendal & Michel Wedel, 2005. "Employing Travel Time to Compare the Value of Competing Cultural Organizations," Journal of Cultural Economics, Springer, vol. 29(1), pages 19-33, February.
- Victor Ginsburgh & Pierre-Michel Menger, 1996.
"Economics of the Arts: Selected essays,"
ULB Institutional Repository
2013/152420, ULB -- Universite Libre de Bruxelles.
- William J. Vaughan & Clifford S. Russell & Michael Hazilla, 1982. "A Note on the Use of Travel Cost Models with Unequal Zonal Populations: Comment," Land Economics, University of Wisconsin Press, vol. 58(3), pages 400-407.
- Douglas M. Larson, 1993. "Joint Recreation Choices and Implied Values of Time," Land Economics, University of Wisconsin Press, vol. 69(3), pages 270-286.
- Cook, Averil, 2000. ""Estimation Community Values of Lakes: A Study of Lake Mokoan in Victoria, Australia": A Comment," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 30(1), pages 99-102, March.
- Throsby, David, 1994. "The Production and Consumption of the Arts: A View of Cultural Economics," Journal of Economic Literature, American Economic Association, vol. 32(1), pages 1-29, March.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- 218 Valuing environmental intangibles, part 1: The options
by David Pannell in Pannell Discussions on 2012-06-26 12:07:12
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Olga Cantó Sánchez) The email address of this maintainer does not seem to be valid anymore. Please ask Olga Cantó Sánchez to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.