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The Willingness-to-Pay for the Royal Theatre in Copenhagen as a Public Good

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  • Trine Hansen
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    Abstract

    In this paper some of the results of a Contingent Valuation (CV)-Study of the Royal Theatre in Copenhagen, Denmark, are presented. The estimated aggregated willingness-to-pay (WTP) for the Royal Theatre through taxes shows that the Danish population wants to pay at least as much as the theatre receives in public subsidies. The visitors comprise only about 7 per cent of the total population, but the non-users' WTP is quite substantial which is the interesting point. It means that the non-users are willing to pay an option price and that the Royal Theatre has non-use value. Copyright Kluwer Academic Publishers 1997

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    File URL: http://hdl.handle.net/10.1023/A:1007303016798
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    Bibliographic Info

    Article provided by Springer in its journal Journal of Cultural Economics.

    Volume (Year): 21 (1997)
    Issue (Month): 1 (March)
    Pages: 1-28

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    Handle: RePEc:kap:jculte:v:21:y:1997:i:1:p:1-28

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    Web page: http://www.springerlink.com/link.asp?id=100284

    Related research

    Keywords: contingent valuation; willingness-to-pay taxes; theatre; non-market benefits of the art;

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    1. > Industrial Organization > Industry studies > Sports, recreation and tourism > Arts
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