Economic Valuation of cultural heritage sites: A choice modelling approach
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Choi, Andy; Ritchie, Brent; Papendrea, Franco; Bennett, Jeffrey
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Despite growing attention by researchers and policy makers on the economic value of cultural heritage sites, debate surrounds the use of adequate methods. Although choice modeling techniques have been applied widely in the environmental economics field, their application in tourism and cultural economics has been much more limited. This paper contributes to the knowledge on the economic valuation of cultural heritage sites through a national choice modeling study of Old Parliament House,...[Show more]
dc.contributor.author | Choi, Andy | |
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dc.contributor.author | Ritchie, Brent | |
dc.contributor.author | Papendrea, Franco | |
dc.contributor.author | Bennett, Jeffrey | |
dc.date.accessioned | 2015-12-10T22:31:25Z | |
dc.identifier.issn | 0261-5177 | |
dc.identifier.uri | http://hdl.handle.net/1885/55517 | |
dc.description.abstract | Despite growing attention by researchers and policy makers on the economic value of cultural heritage sites, debate surrounds the use of adequate methods. Although choice modeling techniques have been applied widely in the environmental economics field, their application in tourism and cultural economics has been much more limited. This paper contributes to the knowledge on the economic valuation of cultural heritage sites through a national choice modeling study of Old Parliament House, Australia. The study sought to value marginal changes in several attributes of this site and revealed that only some of them are valued positively: extending the period of temporary exhibitions, hosting various events, and having 'shop and café' and 'fine dining'. Advantages of using a mixed logit model are provided and managerial and policy implications are discussed. | |
dc.publisher | Elsevier | |
dc.source | Tourism Management | |
dc.subject | Keywords: cultural heritage; economic analysis; environmental economics; heritage tourism; logit analysis; prediction; tourism economics; valuation; Australasia; Australia Choice modeling; Cultural heritage site; Mixed logit; Nonmarket valuation | |
dc.title | Economic Valuation of cultural heritage sites: A choice modelling approach | |
dc.type | Journal article | |
local.description.notes | Imported from ARIES | |
local.identifier.citationvolume | 31 | |
dc.date.issued | 2010 | |
local.identifier.absfor | 140216 - Tourism Economics | |
local.identifier.absfor | 210202 - Heritage and Cultural Conservation | |
local.identifier.absfor | 140205 - Environment and Resource Economics | |
local.identifier.ariespublication | u4055784xPUB331 | |
local.type.status | Published Version | |
local.contributor.affiliation | Choi, Andy, College of Asia and the Pacific, ANU | |
local.contributor.affiliation | Ritchie, Brent, University of Queensland | |
local.contributor.affiliation | Papendrea, Franco, University of Canberra | |
local.contributor.affiliation | Bennett, Jeffrey, College of Asia and the Pacific, ANU | |
local.description.embargo | 2037-12-31 | |
local.bibliographicCitation.issue | 2 | |
local.bibliographicCitation.startpage | 213 | |
local.bibliographicCitation.lastpage | 220 | |
local.identifier.doi | 10.1016/j.tourman.2009.02.014 | |
dc.date.updated | 2016-02-24T10:33:08Z | |
local.identifier.scopusID | 2-s2.0-70449730268 | |
local.identifier.thomsonID | 000272921000006 | |
Collections | ANU Research Publications |
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