Please use this identifier to cite or link to this item: https://doi.org/10.48548/pubdata-1269
Resource typeWorking Paper
Title(s)The Monetary Value of Cultural Goods: A Contingent Valuation Study of the Municipal Supply of Cultural Goods in Lueneburg
DOI10.48548/pubdata-1269
Handle20.500.14123/1332
CreatorLast, Anne-Kathrin
AbstractThis paper aims to determine if the contingent valuation method (CVM) can provide valid results useful in policy-making. This will be investigated by using a CV study that captures the willingness to pay (WTP) for the municipal cultural supply in Lueneburg, Germany. In contrast to previous CV studies that included a wide range of descriptive statistics, the empirical analysis of the current study focuses on multivariate analysis to explore the factors associated with the WTP. The results reflect current hypotheses in cultural economics. Thus, higher education levels and higher income are positively correlated with higher WTP. While the results indicate a highly significant impact of non-use values on the WTP for cultural goods across the different regression models, the findings for some variables differ considerably in magnitude across different regression models.
LanguageGerman
KeywordsCultural Good; Contingent Valuation; Willingness to Pay; Kulturgut; Zahlungsbereitschaft; Kontingenter Bewertungsansatz
Year of publication in PubData2007
Publishing typeFirst publication
Publication versionPublished version
Date issued2007-11-01
Creation contextResearch
Published byMedien- und Informationszentrum, Leuphana Universität Lüneburg
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