Measuring the Value of Culture: Methods and Examples in Cultural Economics

ISBN-13: 9783642093777 / Angielski / Miękka / 2010 / 230 str.

Jeanette D. Snowball

Opis

Interest in, and acknowledgement of, the value of culture and cultural goods is increasing world-wide. So too is interest in valuing the arts so that efficient funding decisions can be made by government and private sponsors. "Measuring the Value of Culture" documents the use of methods used to put a price on cultural goods, including theatre, heritage, cultural events like arts festivals, museums, archaelogical sites and libraries. The methods discussed include economic impact studies, which use market data, as well as non-market valuation techniques like willingness to pay methods and the newer choice experiments. In addition, advances in more qualitative valuation methods are considered. The book aims to give practitioners a practical guide to conducting such valuation studies, while also providing potential funders with a means of evaluating the results. The theoretical background of the various methods, their potential problems and the kind of information they can provide is also discussed.

Recenzje

From the reviews:

"Snowball explores ... some new directions in this well written, lucid, and compact study of valuation studies in the field of the arts. ... an important book for anyone interested in valuation studies and especially for those who study the worlds of the arts. ... Snowball provides a thorough review, discussion, and evaluation of economic impact studies ... and the willingness to pay method. ... Those who are about to set up their own willingness to pay study will find this book an excellent source." (Arjo Klamer, Journal of Economic Literature, Vol. XLVII, June, 2009)

"Jeanette Snowball succeeds in writing a book of interest to regional scientists ... . the entire book has much to recommend it to serious scholars grappling with measuring the regional economic values and impacts of sectors ranging beyond just culture and the arts." (Bruce A. Seaman, Journal of Regional Science, Vol. 50 (3), 2010)

Spis treści

The Arts, Economics and Valuation.- Using Economic Impact Studies to Value the Arts.- Calculating Economic Impact.- The Contingent Valuation Method.- Using Willingness to Pay Studies to Value Cultural Goods.- The Choice Experiment Method and Use.- Conclusions.

Blurb

Acknowledgement of the value of culture and cultural goods is increasing world-wide. So too is interest in finding methods to quantify this value so that governments and private sponsors can make efficient funding decisions. "Measuring the Value of Culture" documents methods that can be used to put a price on the arts and cultural goods, including theatre, heritage, cultural events (like arts festivals), museums, archaeological sites and libraries.

The methods discussed include economic impact studies, which use market data, as well as non-market valuation techniques, like willingness to pay studies, and the newer choice experiments. In addition, advances in more qualitative valuation methods are considered.

The book aims to give practitioners a practical guide to conducting such valuation studies, while also providing potential funders with a means of interpreting the results. The theoretical background of the various methods, their potential problems and the kind of information they can provide is also discussed.