nep-tur New Economics Papers
on Tourism Economics
Issue of 2011‒05‒14
six papers chosen by
Antonello Scorcu
University of Bologna

  1. Choice Experiments in Enviromental Impact Assessment: The Toro 3 Hydroelectric Project and the Recreo Verde Tourist Center in Costa Rica By Carías Vega , Dora; Alpízar, Francisco
  2. Imbalance of World Heritage List: did the UNESCO strategy work? By Lasse Steiner; Bruno S. Frey
  3. The attractiveness of a modern and contemporary art museum By JG. Brida; Marta Meleddu; Manuela Pulina
  4. An urban icon? The case of the Iceman Ötzi By JG. Brida; Marta Meleddu; Manuela Pulina
  5. Does the housing market reflect cultural heritage? A case study of Greater Dublin By Lyons, Seán; Mayor, Karen; Moro, Mirko; Tol, Richard S. J.
  6. The Economics of Geographical Indications : Welfare Implications By Tauber, Ramona; Anders, Sven; Langinier, Corinne

  1. By: Carías Vega , Dora; Alpízar, Francisco
    Abstract: Choice experiments, a stated preference valuation method, are proposed as a tool to assign monetary values to environmental externalities during the ex-ante stages of environmental impact assessment. This case study looks at the impacts of the Costa Rican Institute of Electricity’s Toro 3 hydroelectric project and its affects on the Recreo Verde tourism center in San Carlos, Costa Rica. Compared to other valuation methods (e.g., travel cost and contingent valuation), choice experiments can create hypothetical but realistic scenarios for consumers and generate restoration alternatives for the affected good. Although they have limitations that must be taken into account in environmental impact assessments, incorporating economic parameters—especially resource constraints and tradeoffs—can substantially enrich the assessment process.
    Keywords: stated-preference, economic valuation, choice experiments, hydropower, tourism, Costa Rica
    JEL: Q26 Q4
    Date: 2011–05–05
  2. By: Lasse Steiner; Bruno S. Frey
    Abstract: The official intention of the UNESCO World Heritage List is to protect the global heritage. However, the imbalance of the distribution of Sites according to countries and continents is striking. Consequently, the World Heritage Committee launched the Global Strategy for a Balanced, Representative and Credible World Heritage List in 1994. To date, there have not been any empirical analyses conducted to study the impact of this strategy. This paper shows that the imbalance did not decrease and perhaps increased over time, thus reflecting the inability of the Global Strategy to achieve a more balanced distribution of Sites.
    Keywords: UNESCO, international organizations, international political economy, global public goods, world heritage
    JEL: Z11 D6 F5 H87
    Date: 2011–03
  3. By: JG. Brida; Marta Meleddu; Manuela Pulina
    Abstract: This paper analyses the different factors influencing the intention to revisit a cultural attraction with an application to the Museum for Modern and Contemporary Art (MART) of Rovereto (Italy). The empirical data were obtained from a survey undertaken from September to November 2009 and a zero-truncated count data model is estimated. The findings reveal that, on the one hand, socio-demographic characteristics positively influence the probability to return. Also, as reported in other studies, the temporary exhibitions offered by the museum have a significant impact with a incidence rate ratio of almost two times. On the other hand, no matter how much the visitors spend on accommodation, are less likely to revisit if they travel in groups, by train or foot, are farer from their town of origin and spent longer visiting the museum.
    Keywords: museum; cultural economics; repeat visitation; zero-truncated Poisson; Rovereto (Italy)
    JEL: D12 L83 C19
    Date: 2011
  4. By: JG. Brida; Marta Meleddu; Manuela Pulina
    Abstract: This study via a travel cost model estimates the likelihood to revisit South Tyrol s Museum of Archaeology, best known as the Ötzi museum, in the Autonomous Province of Bolzano(Italy). The purpose of this investigation is to analyse in what measure this museum may be regarded as a potential icon for the urban development of Bolzano. To this aim, the number of actual visits to the museum are employed as an economic indicator of the museum attraction propensity and an investigation on visitors’ preferences and behavior is carried out. The relevant data were obtained from a survey undertaken in the months from June to August 2010 at site and a zero- truncated count data model is estimated. The empirical findings provide an important tool to plan the future urban development around the Ötzi museum.
    Keywords: Museum; urban icon; travel cost; repeat visits; zero-truncated Poisson
    JEL: D12 L83 C19
    Date: 2011
  5. By: Lyons, Seán; Mayor, Karen; Moro, Mirko; Tol, Richard S. J.
    Abstract: Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.
    Keywords: non-market valuation; hedonic price; hedonic regression; cultural heritage; cultural economics
    Date: 2011–05
  6. By: Tauber, Ramona; Anders, Sven; Langinier, Corinne
    Abstract: The debate over the âright wayâ of protecting geographical indicators (GIs) has resulted in a growing body of literature investigating the welfare effects of GI policies using economic modelling approaches. This paper presents a synthesis of a small yet growing number of analytical studies on GIs. We find that modelling results and related policy conclusions hinge on different assumptions regarding consumer preferences, quality differentiation and weights attributed to producer or consumer welfare measures. Inconclusive results regarding a pareto-optimal design of GI policy leave several unresolved issues to researchers and policy makers assigned with the welfare implications of GI-based market interventions.
    Keywords: geographical indications, consumer preferences, welfare, policy, Agribusiness, Consumer/Household Economics, Industrial Organization, International Relations/Trade,
    Date: 2011–04

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