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Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland

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  • P. Poor
  • Jamie Smith

Abstract

Historic St. Mary's City located in rural southern Maryland, marks the 17th century British Colonial capital of the State of Maryland. As with most cultural heritage sites, Historic St. Mary's City can be classified as possessing public goods-type characteristics, and as such, welfare benefit estimates must utilize non-market valuation techniques. To date, the primary valuation methodology used for cultural heritage sites research involves stated preference methods. This study is one of the first to employ a revealed preference methodology, the zonal travel cost model, to estimate the consumer surplus welfare measures of a cultural heritage site. We analyze three years of visitor sample data to compare three functional forms of visitor demand. The average of the annual individual consumer surplus measures ranged from approximately $8.00 to $19.26, depending on the functional forms used. When aggregated to the total number of individual paid visitors, the average annual benefit estimates range from approximately $75,492 to $176,550. Copyright Kluwer Academic Publishers 2004

Suggested Citation

  • P. Poor & Jamie Smith, 2004. "Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 28(3), pages 217-229, August.
  • Handle: RePEc:kap:jculte:v:28:y:2004:i:3:p:217-229
    DOI: 10.1023/B:JCEC.0000038020.51631.55
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    Citations

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    Cited by:

    1. Jen D. Snowball, 2013. "The economic, social and cultural impact of cultural heritage: methods and examples," Chapters,in: Handbook on the Economics of Cultural Heritage, chapter 22, pages i-i Edward Elgar Publishing.
    2. repec:eee:touman:v:33:y:2012:i:4:p:825-839 is not listed on IDEAS
    3. repec:wsi:cjuesx:v:04:y:2016:i:04:n:s2345748116500305 is not listed on IDEAS
    4. Chin-Huang Huang & Chiung-Hsia Wang, 2015. "Estimating the Total Economic Value of Cultivated Flower Land in Taiwan," Sustainability, MDPI, Open Access Journal, vol. 7(4), pages 1-19, April.
    5. Mirko Moro & Karen Mayor & Seán Lyons & Richard S J Tol, 2013. "Does the Housing Market Reflect Cultural Heritage? A Case Study of Greater Dublin," Environment and Planning A, , vol. 45(12), pages 2884-2903, December.
    6. repec:eee:touman:v:60:y:2017:i:c:p:67-78 is not listed on IDEAS
    7. 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 attraction:
      ," MPRA Paper 37622, University Library of Munich, Germany.
    8. repec:kap:jculte:v:41:y:2017:i:2:d:10.1007_s10824-017-9300-6 is not listed on IDEAS
    9. Marina Farr & Natalie Stoeckl & Rabiul Alam Beg, 2011. "The efficiency of the Environmental Management Charge in the Cairns management area of the Great Barrier Reef Marine Park," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 322-341, July.
    10. repec:eee:touman:v:59:y:2017:i:c:p:621-629 is not listed on IDEAS
    11. Figini, Paolo & Vici, Laura, 2012. "Off-season tourists and the cultural offer of a mass-tourism destination: The case of Rimini," Tourism Management, Elsevier, vol. 33(4), pages 825-839.
    12. John C. Whitehead & Douglas Simpson Noonan & Elizabeth Marquardt, 2014. "Criterion and predictive validity of revealed and stated preference data: the case of “Mountain Home Music†concert demand," Economics and Business Letters, Oviedo University Press, vol. 3(2), pages 87-95.
    13. K. Willis & J. Snowball & C. Wymer & José Grisolía, 2012. "A count data travel cost model of theatre demand using aggregate theatre booking data," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 36(2), pages 91-112, May.
    14. Farr, Marina & Stoeckl, Natalie & Sutton, Stephen, 2014. "Recreational fishing and boating: Are the determinants the same?," Marine Policy, Elsevier, vol. 47(C), pages 126-137.
    15. repec:eee:touman:v:59:y:2017:i:c:p:67-75 is not listed on IDEAS
    16. repec:eee:touman:v:42:y:2014:i:c:p:141-148 is not listed on IDEAS
    17. Anna Alberini & Alberto Longo, 2005. "The Value of Cultural Heritage Sites in Armenia: Evidence from a Travel Cost Method Study," Working Papers 2005.112, Fondazione Eni Enrico Mattei.
    18. Allan, Corey & Grimes, Arthur & Kerr, Suzi, 2013. "Value and Culture," Working Papers 13_09, Motu Economic and Public Policy Research.
    19. Isabel Mendes, 2016. "Assessing the Values of Archaeological Heritage," Working Papers Department of Economics 2016/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    20. repec:jec:journl:v:13:y:2017:i:2:p:241-264 is not listed on IDEAS
    21. Lazrak, F. & Nijkamp, P. & Rietveld, P. & Rouwendal, J., 2009. "Cultural heritage and creative cities: an economic evaluation perspective," Serie Research Memoranda 0036, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    22. Richard Melstrom, 2014. "Valuing historic battlefields: an application of the travel cost method to three American Civil War battlefields," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(3), pages 223-236, August.
    23. Wright, William C.C. & Eppink, Florian V., 2016. "Drivers of heritage value: A meta-analysis of monetary valuation studies of cultural heritage," Ecological Economics, Elsevier, vol. 130(C), pages 277-284.
    24. repec:eee:touman:v:60:y:2017:i:c:p:188-200 is not listed on IDEAS

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