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Assessing the value of museums with a combined discrete choice / count data model

[journal article]

Rouwendal, Jan; Boter, Jaap

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Abstract This paper assesses the value of Dutch museums using information about destination choice as well as about the number of trips undertaken by an actor. Destination choice is analyzed by means of a mixed logit model, and a count data model is used to explain trip generation. We use a utility-consistent framework in which the discrete choice model for destination choice is linked to an indirect utility function. The results are used to compute the compensating variation of particular museums and of the total group of museums in the sample.
Document language English
Publication Year 2009
Page/Pages p. 1417-1436
Journal Applied Economics, 41 (2009) 11
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)