Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland
P. Poor and
Journal of Cultural Economics, 2004, vol. 28, issue 3, 217-229
Historic St. Mary's City located in rural southern Maryland, marks the 17th century British Colonial capital of the State of Maryland. As with most cultural heritage sites, Historic St. Mary's City can be classified as possessing public goods-type characteristics, and as such, welfare benefit estimates must utilize non-market valuation techniques. To date, the primary valuation methodology used for cultural heritage sites research involves stated preference methods. This study is one of the first to employ a revealed preference methodology, the zonal travel cost model, to estimate the consumer surplus welfare measures of a cultural heritage site. We analyze three years of visitor sample data to compare three functional forms of visitor demand. The average of the annual individual consumer surplus measures ranged from approximately $8.00 to $19.26, depending on the functional forms used. When aggregated to the total number of individual paid visitors, the average annual benefit estimates range from approximately $75,492 to $176,550. Copyright Kluwer Academic Publishers 2004
Keywords: cultural heritage; historic archaeological site; travel cost model (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (30) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:jculte:v:28:y:2004:i:3:p:217-229
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/10824/PS2
Access Statistics for this article
Journal of Cultural Economics is currently edited by Kathryn Graddy and Samuel Cameron
More articles in Journal of Cultural Economics from Springer, The Association for Cultural Economics International Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().