EconPapers    
Economics at your fingertips  
 

Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland

P. Poor and Jamie Smith

Journal of Cultural Economics, 2004, vol. 28, issue 3, 217-229

Abstract: 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)
Date: 2004
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)
http://hdl.handle.net/10.1023/B:JCEC.0000038020.51631.55 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

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 ().

 
Page updated 2019-06-23
Handle: RePEc:kap:jculte:v:28:y:2004:i:3:p:217-229