Economic valuation of cultural heritage sites: a choice modeling approach

Andy Choi, Brent Ritchiea, Franco Papandrea, Jeff Bennett

    Research output: Contribution to journalArticlepeer-review

    169 Citations (Scopus)

    Abstract

    This paper contributes to the knowledge on the economic valuation of cultural heritage sites through a national choice modeling study of Old Parliament House, Australia. The study sought to value marginal changes in several attributes of this site and revealed that only some of them are valued positively: extending the period of temporary exhibitions, hosting various events, and having ‘shop and cafe´ ’ and ‘fine dining’. Advantages of using a mixed logit model are provided and managerial and policy implications are discussed.
    Original languageEnglish
    Pages (from-to)213-220
    Number of pages8
    JournalTourism Management
    Volume31
    Issue number2
    DOIs
    Publication statusPublished - 2010

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