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Contingent Valuation and Semiparametric Methods: A Case Study of the National Museum of Sculpture in Valladolid, Spain

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  • José Sanz
  • Luis Herrero
  • Ana Bedate

Abstract

Research on cultural economics is very interested in the economic valuation of non-market goods, particularly in the field ofcultural heritage where contingent valuation techniques are currently being used with both parametric and non-parametric statistical methods to estimate the willingness to pay for cultural goods. In the literature analysed, the number of studies using semiparametric methods, however, is very limited. Our analysis is intended to help fill this gap by offering a parametric, non-parametric and semiparametric economic valuation of the National Museum of Sculpture (Museo Nacional de Escultura), located in Valladolid,Spain. In addition, we also gain insight on a controversial issue affecting most European museums, particularly those located in Latin countries: the role voluntary donations might play in the funding of public museums. Copyright Kluwer Academic Publishers 2003

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Bibliographic Info

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

Volume (Year): 27 (2003)
Issue (Month): 3 (November)
Pages: 241-257

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Handle: RePEc:kap:jculte:v:27:y:2003:i:3:p:241-257

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

Related research

Keywords: contingent valuation; museum economics; non-parametric and semiparametric methods; willingness to pay;

References

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  1. Catherine M. Chambers & Paul E. Chambers & John C. Whitehead, 1998. "Contingent Valuation of Quasi-Public Goods: Validity, Reliability, and Application To Valuing a Historic Site," Public Finance Review, , vol. 26(2), pages 137-154, March.
  2. Throsby,David, 2000. "Economics and Culture," Cambridge Books, Cambridge University Press, number 9780521584067, October.
  3. Eric Thompson & Mark Berger & Glenn Blomquist & Steven Allen, 2002. "Valuing the Arts: A Contingent Valuation Approach," Journal of Cultural Economics, Springer, vol. 26(2), pages 87-113, May.
  4. Trine Hansen, 1997. "The Willingness-to-Pay for the Royal Theatre in Copenhagen as a Public Good," Journal of Cultural Economics, Springer, vol. 21(1), pages 1-28, March.
  5. Walter Santagata & Giovanni Signorello, 2000. "Contingent Valuation of a Cultural Public Good and Policy Design: The Case of ``Napoli Musei Aperti''," Journal of Cultural Economics, Springer, vol. 24(3), pages 181-204, August.
  6. Mark Yuying An, 2000. "A Semiparametric Distribution for Willingness to Pay and Statistical Inference with Dichotomous Choice Contingent Valuation Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(3), pages 487-500.
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Citations

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Cited by:
  1. Ateca Amestoy, Victoria María, 2011. "Demand for Cultural Heritage," DFAEII Working Papers 2011-06, University of the Basque Country - Department of Foundations of Economic Analysis II.
  2. Brida, Juan Gabriel & Monterubbianesi, Pablo Daniel & Zapata Aguirre, Sandra, 2012. "Análisis de los factores que afectan la repetición de la visita a una atracción cultural: una aplicación al museo de Antioquia
    [Analysis of factors affecting repeat visit to a cultural attracti
    ," MPRA Paper 37622, University Library of Munich, Germany.
  3. Frateschi, Carlofilippo & Lazzaro, Elisabetta & Palma Martos, Luis, 2009. "A Comparative Econometric Analysis of Museum Attendance by Locals and Foreigners: The Cases of Padua and Seville/Un análisis econométrico comparado de las asistencias a los museos por parte del púb," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 177-198, Abril.
  4. Thomas De Graaff & Jaap Boter & Jan Rouwendal, 2006. "Do Dutch Musea Compete Or Cooperate?," ERSA conference papers ersa06p387, European Regional Science Association.
  5. Anna Alberini & Alberto Longo & Patrizia Riganti, 2006. "Using Surveys to Compare the Public’s and Decisionmakers’ Preferences for Urban Regeneration: The Venice Arsenale," Working Papers 2006.137, Fondazione Eni Enrico Mattei.
  6. Patrizia Riganti & Anna Alberini & Alberto Longo, 2005. "Public Preferences for Land uses’ changes - valuing urban regeneration projects at the Venice Arsenale," ERSA conference papers ersa05p756, European Regional Science Association.
  7. Ana Bedate & Luis Herrero & José Sanz, 2009. "Economic valuation of a contemporary art museum: correction of hypothetical bias using a certainty question," Journal of Cultural Economics, Springer, vol. 33(3), pages 185-199, August.
  8. Tuan, Hun Tran & Navrud,Stale, 2012. "Capturing the Benefits of Preserving World Heritage Cultural Heritage Sites," EBLA Working Papers 201202, University of Turin.
  9. Álvarez Díaz, Marcos & González Gómez, Manuel & Saavedra González, Ángeles & De Uña Álvarez, Jacobo, 2010. "On dichotomous choice contingent valuation data analysis: Semiparametric methods and Genetic Programming," Journal of Forest Economics, Elsevier, vol. 16(2), pages 145-156, April.
  10. García Gracia, Mª Isabel. & Zofío Prieto, José Luis & Herrarte Sánchez, Ainhoa & Moral Carcedo, Julian, 2009. "La aportación económica de la industria de la cultura y el ocio en España/," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 63-88, Abril.

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