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Reliability of international benefit transfer in cultural economics: Non-market valuation of theater in Denmark and Poland

Aleksandra Wiśniewska (), Ewa Zawojska, Andrea Baldin and Joanna Rachubik
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Aleksandra Wiśniewska: University of Warsaw, Faculty of Economic Sciences
Andrea Baldin: Ca’Foscari Univeristy of Venice, Copenhagen Business School

No 2023-19, Working Papers from Faculty of Economic Sciences, University of Warsaw

Abstract: Cultural goods provide numerous non-market benefits to society. Estimates of the benefits are needed for benefit-cost analyses, helping to inform cultural policy decisions and aiming at the efficient allocation of public funds. The non-market benefits cannot be assessed through market transactions. While original non-market valuation studies require substantial budgets and time, a benefit transfer approach offers an alternative. It enables the application of empirical estimates from existing original studies conducted at one site to approximate the value at another site. This study provides the first international benefit transfer for performing arts and examines the reliability of various benefit transfer approaches. We use empirical data from two separate stated preference valuation surveys conducted in Denmark and in Poland. Our results suggest that the benefit function transfer accounting for differences in purchasing power parity between the countries can generate transfer errors as low as 3-6%, indicating high reliability of the transferred values.

Keywords: international benefit transfer; performing arts; contingent valuation; discrete choice experiment; transfer errors (search for similar items in EconPapers)
JEL-codes: D61 H40 Z11 Z18 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2023
New Economics Papers: this item is included in nep-dcm and nep-tra
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