Evaluating individual preferences for the British Museum

Jaffry, Shabbar; Apostolakis, Alexandros

doi:10.1007/s10824-010-9133-z

Cited by 23 publications

(14 citation statements)

References 55 publications

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“…For example, NOONAN (2003) in a meta-analysis summarizes the results of sixty-five previous studies. The majority of these studies have used contingent valuation, however there have been a few studies using choice modelling (MOREY et al, 2002;ALLEN CONSULTING GROUP, 2005;BURTON et al, 2009;CHOI 2009;JAFFRY and APOSTOLAKIS, 2011). The primary reason for this interest in the use of non-market valuation techniques is that the studies produce economic measures of value that can be directly compared with the costs of maintaining or improving facilities (THROSBY, 2007).…”

Section: Introductionmentioning

confidence: 99%

Sense of Place and Willingness to Pay: Complementary Concepts When Evaluating Contributions of Cultural Resources to Regional Communities

Morrison

Dowell²

2013

Regional Studies

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Sense of place and willingness to pay: complementary concepts when evaluating contributions of cultural resources to regional communities, Regional Studies. While the economics literature recognizes the limitations with solely using non-market valuation to understand how cultural resources contribute to their communities, there has been limited use of other approaches. In this study a sense of place scale developed in the environmental psychology literature is used together with contingent valuation to measure the contribution of cultural resources in three regional towns. Using a survey of 354 households, the relationships between visitation of cultural resources, sense of place (place identity and place dependence) and willingness to pay are examined. Visitation to cultural resources is shown to be related to sense of place. In addition, sense of place is demonstrated to be related to willingness to pay. The results imply that the community value of cultural resources is associated with the mix of cultural resources which encourages higher visitation and enhanced sense of place, rather than expenditure on cultural resources alone.Peer reviewe

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Section: Introductionmentioning

confidence: 99%

Sense of Place and Willingness to Pay: Complementary Concepts When Evaluating Contributions of Cultural Resources to Regional Communities

Morrison

Dowell²

2013

Regional Studies

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“…In cultural economics, discrete choice experiments have been applied to several areas, for example to forecast demand for a cultural event (Louviere and Hensher 1983), to investigate theatre demand (Willis and Snowball 2009;Willis 2011, 2012), or to study museum attendance (Maddison and Foster 2003;Jaffry and Apostolakis 2011). In the particular field of cultural heritage research, researchers (Morey and Rossmann 2003;Morey et al 2002) conducted a discrete choice experiment to estimate the benefits of reducing acid deposition injuries to 100 marble monuments in Washington, DC.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Public preferences for heritage conservation strategies: a choice modelling approach

Throsby

Zednik²,

Araña

2021

J Cult Econ

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Studies aiming at valuing cultural and natural heritage projects are often focussed on one or only a few sites, whereas planning decisions concerning the allocation of public funds to heritage conservation deal with classes of heritage rather than single sites. In addition, such planning decisions are almost always concerned with non-monetary values that need to be incorporated into assessment procedures if the total value of alternative strategies is to be estimated. In this paper, we put forward and estimate models to address both of these issues within a choice-modelling framework. The method is developed in the context of conservation of a particular class of cultural heritage, namely major historic buildings in a city or country. We report results from a discrete choice experiment to assess public preferences in which the choices are alternative conservation programs and the attributes are dimensions of the programs’ cultural and economic value. The model is estimated from survey data using several flexible econometric specifications. We show that the methods developed can be used to obtain robust estimates of the economic value of this category of buildings. We also find a significant contribution of all aspects of cultural value to the formation of conservation preferences and the public’s willingness to pay.

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“…Museum revenues are typically produced by entrance fees, sale of facilities, (public and private) sponsorships and donations. In times of crisis, obtaining sponsorships and donations is difficult for museums (Andersson and Getz, 2009;Bornhorst et al, 2010;Leask, 2010;Signorello et al, 2010;Smallman and Moore, 2010;Jaffry and Apostolakis, 2011) so the only source of revenue that museum managers can control directly are entrance fees and sale of facilities (Tufts and Milne, 1999). Therefore, the role of other revenue sources is relevant and optimal pricing strategies should be studied and implemented to maximize profits, although as Rentschler et al (2007) note museums often adopt unsophisticated pricing strategies.…”

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confidence: 99%

Pricing Visitor Preferences for Temporary Art Exhibitions

2015

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This paper focuses on the initiatives that museum managers may implement to maximize the profits of museums located in tourist destinations and that host temporary art exhibitions. These initiatives have direct effects on visitor demand and indirect effects on the tourist destination. Classifying visitors into residents, excursionists and tourists, the authors evaluate their preferences and willingness to pay for managerial initiatives. They focus specifically on for-profit museums that host temporary exhibitions in medium and small tourist destinations. Visitor preferences are priced through discrete choice experiments submitted to a sample of (actual and potential) visitors to Castel Sismondo Museum in Rimini, Italy.

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Evaluating individual preferences for the British Museum

Abstract: British Museum, Choice modelling, Voluntary contributions, Preferences, C250, D010, Z110,

Cited by 23 publications

References 55 publications

Sense of Place and Willingness to Pay: Complementary Concepts When Evaluating Contributions of Cultural Resources to Regional Communities

Sense of Place and Willingness to Pay: Complementary Concepts When Evaluating Contributions of Cultural Resources to Regional Communities

Public preferences for heritage conservation strategies: a choice modelling approach

Pricing Visitor Preferences for Temporary Art Exhibitions

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