Assessing the Value of Museums with a Combined Discrete Choice / Count Data Model

Jan Rouwendal and Jaap Boter ()
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Jaap Boter: Faculty of Economics and Business Administration, Vrije Universiteit Amsterdam

No 05-039/3, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: We develop a model for museum visits and estimate it on a large sample of holders of a museum card that provides free access to all museums. Our model distinguishes two stages, referring to the determination of the number of trips and destination choice and can deal with an effect of income on destination choice. We use a mixed logit model for destination choice and a count data model for explaining the number of trips. The model implies that welfare analyses should not only take into account the change in the logsum variables, but also changes in the number of trips. In our empirical application we find substantial local interest effects that cause a correlation between the attractiveness of a museum and its distance to the residential location of the visitor. The ranking of museums on the basis of their estimated attractiveness differs substantially from that based on the change in income that would be needed to compensate for its disappearance.

Keywords: museums; travel cost method; two stage budgeting (search for similar items in EconPapers)
JEL-codes: D61 H41 R53 (search for similar items in EconPapers)
Date: 2005-04-20
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Related works:
Journal Article: Assessing the value of museums with a combined discrete choice/count data model (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:tin:wpaper:20050039

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