Assessing the Value of Museums with a Combined Discrete Choice / Count Data Model
AbstractWe develop a model for museum visits and estimate it on a large sample of holders of a museum card that provides free access to all museums. Our model distinguishes two stages, referring to the determination of the number of trips and destination choice and can deal with an effect of income on destination choice. We use a mixed logit model for destination choice and a count data model for explaining the number of trips. The model implies that welfare analyses should not only take into account the change in the logsum variables, but also changes in the number of trips. In our empirical application we find substantial local interest effects that cause a correlation between the attractiveness of a museum and its distance to the residential location of the visitor. The ranking of museums on the basis of their estimated attractiveness differs substantially from that based on the change in income that would be needed to compensate for its disappearance.
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Bibliographic InfoPaper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 05-039/3.
Date of creation: 20 Apr 2005
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museums; travel cost method; two stage budgeting;
Other versions of this item:
- Jan Rouwendal & Jaap Boter, 2009. "Assessing the value of museums with a combined discrete choice/count data model," Applied Economics, Taylor & Francis Journals, vol. 41(11), pages 1417-1436.
- 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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