Assessing the value of museums with a combined discrete choice/count data model
AbstractThis article assesses the value of Dutch museums using information about destination choice as well as about the number of trips undertaken by an actor. Destination choice is analysed by means of a mixed logit model, and a count data model is used to explain trip generation. We use a utility-consistent framework in which the discrete choice model for destination choice is linked to an indirect utility function. The results are used to compute the compensating variation of particular museums and of the total group of museums in the sample.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 41 (2009)
Issue (Month): 11 ()
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Other versions of this item:
- Jan Rouwendal & Jaap Boter, 2005. "Assessing the Value of Museums with a Combined Discrete Choice / Count Data Model," Tinbergen Institute Discussion Papers 05-039/3, Tinbergen Institute.
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
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- 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.
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