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

[journal article]

Rouwendal, Jan
Boter, Jaap

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-consisten... view more

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.... view less

Document language
English

Publication Year
2009

Page/Pages
p. 1417-1436

Journal
Applied Economics, 41 (2009) 11

DOI
https://doi.org/10.1080/00036840601019240

Status
Postprint; peer reviewed

Licence
PEER Licence Agreement (applicable only to documents from PEER project)


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.