The monetary value of cultural goods: a contingent valuation study of the municipal supply of cultural goods in Lueneburg, Germany
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The monetary value of cultural goods : a contingent valuation study of the municipal supply of cultural goods in Lueneburg, Germany. / Last, Anne-Kathrin.
Lüneburg : Institut für Volkswirtschaftslehre der Universität Lüneburg, 2007. (Working paper series in economics; Nr. 63).Publikation: Arbeits- oder Diskussionspapiere und Berichte › Arbeits- oder Diskussionspapiere
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TY - UNPB
T1 - The monetary value of cultural goods
T2 - a contingent valuation study of the municipal supply of cultural goods in Lueneburg, Germany
AU - Last, Anne-Kathrin
N1 - Literaturverz. S. 18 - 19
PY - 2007
Y1 - 2007
N2 - This paper aims to determine if the contingent valuation method (CVM) can provide valid results useful in policy-making. This will be investigated by using a CV study that captures the willingness to pay (WTP) for the municipal cultural supply in Lueneburg, Germany. In contrast to previous CV studies that included a wide range of descriptive statistics, the empirical analysis of the current study focuses on multivariate analysis to explore the factors associated with the WTP. The results reflect current hypotheses in cultural economics. Thus, higher education levels and higher income are positively correlated with higher WTP. While the results indicate a highly significant impact of non use values on the WTP for cultural goods across the different regression models, the findings for some variables differ considerably in magnitude across different regression models.
AB - This paper aims to determine if the contingent valuation method (CVM) can provide valid results useful in policy-making. This will be investigated by using a CV study that captures the willingness to pay (WTP) for the municipal cultural supply in Lueneburg, Germany. In contrast to previous CV studies that included a wide range of descriptive statistics, the empirical analysis of the current study focuses on multivariate analysis to explore the factors associated with the WTP. The results reflect current hypotheses in cultural economics. Thus, higher education levels and higher income are positively correlated with higher WTP. While the results indicate a highly significant impact of non use values on the WTP for cultural goods across the different regression models, the findings for some variables differ considerably in magnitude across different regression models.
KW - Economics
KW - Cultural Goods
KW - Contingent Valuation
KW - Quantile Regression
M3 - Working papers
T3 - Working paper series in economics
BT - The monetary value of cultural goods
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -