Combining the travel cost and contingent behavior methods to value cultural heritage sites: Evidence from Armenia
This paper combines the travel cost method (TCM) with contingent behavior questions to estimate domestic visitors’ use values for cultural heritage sites in Armenia, a transition economy in which conservation of cultural monuments is hampered by limited resources. Respondents intercepted at four cultural monuments provided information on their visitation patterns, experience at the site, perception of the state of conservation of the monuments, and rating of the quality of the services and infrastructure. We combine actual trips with stated trips under hypothetical programs that would enhance the conservation of the monuments and improve one of (i) the cultural experience at the site, (ii) the quality of the infrastructure, or (iii) the quality of the services, and use the combined actual and stated trips to fit a panel data model. Our study is one of the few applications of the TCM to value cultural heritage sites. Our investigation shows that (i) significant use values are associated with the four study monuments, and (ii) conservation programs and initiatives that improve the cultural experience, or simply make it easier for the respondent to reach and spend time at the monument, are valued by domestic visitors and would encourage higher visitation rates. Actual and intended trips reported by the respondents exhibit good construct validity, in the sense that they are well predicted by price, location, hypothetical scenario and other individual characteristics of the respondents. Copyright Springer Science+Business Media, LLC 2006
Volume (Year): 30 (2006)
Issue (Month): 4 (December)
|Contact details of provider:|| Web page: http://www.springer.com|
Web page: http://www.culturaleconomics.org/
More information through EDIRC
|Order Information:||Web: http://www.springer.com/economics/journal/10824/PS2|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Azevedo, Christopher D. & Herriges, Joseph A. & Kling, Catherine L., 2003.
"Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations,"
Staff General Research Papers Archive
10173, Iowa State University, Department of Economics.
- Christopher D. Azevedo & Joseph A. Herriges & Catherine L. Kling, 2003. "Combining Revealed and Stated Preferences: Consistency Tests and Their Interpretations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(3), pages 525-537.
- Shaw, Daigee, 1988. "On-site samples' regression : Problems of non-negative integers, truncation, and endogenous stratification," Journal of Econometrics, Elsevier, vol. 37(2), pages 211-223, February.
- Nick Hanley & David Bell & Begona Alvarez-Farizo, 2003.
"Valuing the Benefits of Coastal Water Quality Improvements Using Contingent and Real Behaviour,"
Environmental & Resource Economics,
Springer;European Association of Environmental and Resource Economists, vol. 24(3), pages 273-285, March.
- Nick Hanley & Begona Alvarez-Farizo, "undated". "Valuing the Benefits of Coastal Water Quality Improvements using Contingent and Real Behaviour," Working Papers 2002_9, Business School - Economics, University of Glasgow, revised Sep 2002.
- W. Douglass Shaw, 2002. "Testing the Validity of Contingent Behavior Trip Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(2), pages 401-414.
- Alberini, Anna & Zanatta, Valentina & Rosato, Paolo, 2007.
"Combining actual and contingent behavior to estimate the value of sports fishing in the Lagoon of Venice,"
Elsevier, vol. 61(2-3), pages 530-541, March.
- Anna Alberini & Valentina Zanatta & Paolo Rosato, 2005. "Combining Actual and Contingent Behavior to Estimate the Value of Sports Fishing in the Lagoon of Venice," Working Papers 2005.44, Fondazione Eni Enrico Mattei.
- Susana Mourato & Ece Ozdemiroglu & Tannis Hett & Giles Atkinson, 2004. "Pricing Cultural Heritage," World Economics, World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 5(3), pages 95-113, July.
- Englin, Jeffrey & Shonkwiler, J S, 1995. "Estimating Social Welfare Using Count Data Models: An Application to Long-Run Recreation Demand under Conditions of Endogenous Stratification and Truncation," The Review of Economics and Statistics, MIT Press, vol. 77(1), pages 104-112, February.
When requesting a correction, please mention this item's handle: RePEc:kap:jculte:v:30:y:2006:i:4:p:287-304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.