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Economic valuation of a contemporary art museum: correction of hypothetical bias using a certainty question

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  • Ana Bedate
  • Luis Herrero
  • José Sanz

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  • 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;The Association for Cultural Economics International, vol. 33(3), pages 185-199, August.
    • Handle: RePEc:kap:jculte:v:33:y:2009:i:3:p:185-199
    DOI: 10.1007/s10824-009-9098-y
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    40. Patricia Champ & Richard Bishop, 2001. "Donation Payment Mechanisms and Contingent Valuation: An Empirical Study of Hypothetical Bias," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(4), pages 383-402, August.
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    42. John A. List, 2001. "Do Explicit Warnings Eliminate the Hypothetical Bias in Elicitation Procedures? Evidence from Field Auctions for Sportscards," American Economic Review, American Economic Association, vol. 91(5), pages 1498-1507, December.
    43. Li Chuan-Zhong & Mattsson Leif, 1995. "Discrete Choice under Preference Uncertainty: An Improved Structural Model for Contingent Valuation," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 256-269, March.
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    Cited by:

    1. Barrena, José & Nahuelhual, Laura & Báez, Andrea & Schiappacasse, Ignacio & Cerda, Claudia, 2014. "Valuing cultural ecosystem services: Agricultural heritage in Chiloé island, southern Chile," Ecosystem Services, Elsevier, vol. 7(C), pages 66-75.
    2. Salvador Saz-Salazar & Ana Navarrete-Tudela & José Ramón Alcalá-Mellado & Daniel Carlos Saz-Salazar, 2019. "On the Use of Life Satisfaction Data for Valuing Cultural Goods: A First Attempt and a Comparison with the Contingent Valuation Method," Journal of Happiness Studies, Springer, vol. 20(1), pages 119-140, January.
    3. Luis César Herrero & José ángel Sanz & María Devesa, 2011. "Measuring the Economic Value and Social Viability of a Cultural Festival as a Tourism Prototype," Tourism Economics, , vol. 17(3), pages 639-653, June.
    4. 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.
    5. Wiśniewska Aleksandra, 2019. "Quality attributes in the non-market stated-preference based valuation of cultural goods," Central European Economic Journal, Sciendo, vol. 6(53), pages 132-150, January.
    6. Victor Fernández-Blanco & Juan Prieto-Rodríguez, 2011. "Museums," Chapters, in: Ruth Towse (ed.), A Handbook of Cultural Economics, Second Edition, chapter 40, Edward Elgar Publishing.
    7. Atozou, Baoubadi & Tamini, Lota D. & Bergeronm, Stephane & Doyon, Maurice, 2020. "Factors Explaining the Hypothetical Bias: How to Improve Models for Meta-Analyses," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 45(2), March.
    8. Ana Bobinac, 2019. "Mitigating hypothetical bias in willingness to pay studies: post-estimation uncertainty and anchoring on irrelevant information," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 20(1), pages 75-82, February.
    9. Dani Aoun, 2015. "Who pays more to preserve a natural reserve, visitors or locals? A confidence analysis of a contingent valuation application," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(4), pages 471-486, October.
    10. Jen D. Snowball, 2013. "The economic, social and cultural impact of cultural heritage: methods and examples," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 22, pages i-i, Edward Elgar Publishing.
    11. Douglas S. Noonan & Ilde Rizzo, 2017. "Economics of cultural tourism: issues and perspectives," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(2), pages 95-107, May.
    12. Armbrecht, John, 2014. "Use value of cultural experiences: A comparison of contingent valuation and travel cost," Tourism Management, Elsevier, vol. 42(C), pages 141-148.
    13. Ricky N. Lawton & Daniel Fujiwara & Ulrike Hotopp, 2022. "The value of digital archive film history: willingness to pay for film online heritage archival access," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 46(1), pages 165-197, March.
    14. Bart Neuts, 2020. "Mixed pricing strategies in museums: Examining the potential of voluntary contributions for capturing consumer surplus," Tourism Economics, , vol. 26(1), pages 115-136, February.

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    More about this item

    Keywords

    Cultural economics; Valuation of public goods; Contingent valuation; Willingness to pay; Hypothetical bias; Z11;
    All these keywords.

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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