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Reliability of international benefit transfer in cultural economics: Non-market valuation of theater in Denmark and Poland

Author

Listed:
  • Aleksandra Wiśniewska

    (University of Warsaw, Faculty of Economic Sciences)

  • Ewa Zawojska

    (University of Warsaw, Faculty of Economic Sciences)

  • Andrea Baldin

    (Ca’Foscari Univeristy of Venice, Copenhagen Business School)

  • Joanna Rachubik

    (Copenhagen Business School)

Abstract

Cultural goods provide numerous non-market benefits to society. Estimates of the benefits are needed for benefit-cost analyses, helping to inform cultural policy decisions and aiming at the efficient allocation of public funds. The non-market benefits cannot be assessed through market transactions. While original non-market valuation studies require substantial budgets and time, a benefit transfer approach offers an alternative. It enables the application of empirical estimates from existing original studies conducted at one site to approximate the value at another site. This study provides the first international benefit transfer for performing arts and examines the reliability of various benefit transfer approaches. We use empirical data from two separate stated preference valuation surveys conducted in Denmark and in Poland. Our results suggest that the benefit function transfer accounting for differences in purchasing power parity between the countries can generate transfer errors as low as 3-6%, indicating high reliability of the transferred values.

Suggested Citation

  • Aleksandra Wiśniewska & Ewa Zawojska & Andrea Baldin & Joanna Rachubik, 2023. "Reliability of international benefit transfer in cultural economics: Non-market valuation of theater in Denmark and Poland," Working Papers 2023-19, Faculty of Economic Sciences, University of Warsaw.
  • Handle: RePEc:war:wpaper:2023-19
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    File URL: https://www.wne.uw.edu.pl/download_file/3096/0
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    References listed on IDEAS

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    More about this item

    Keywords

    international benefit transfer; performing arts; contingent valuation; discrete choice experiment; transfer errors;
    All these keywords.

    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H40 - Public Economics - - Publicly Provided Goods - - - General

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