Economic valuation of museums as public club goods: Why build loyalty in cultural heritage consumption?

Gómez-Zapata, Jonathan Daniel; Espinal-Monsalve, Nora Elena; Prieto, Luis César Herrero

doi:10.1016/j.culher.2017.09.010

Cited by 31 publications

(24 citation statements)

References 35 publications

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“…The first is the values of already existing resources of structures and physical environments optimized or improved for living quality [4,28]. The second is derived from services and goods [33] provided by the important characteristics or attributes of heritage [34] that increase subsidies and benefits. The third is financial investments for the property or tourism [4,35].…”

Section: Overview Of Four Apartments In the Seoul Station Area And Thmentioning

confidence: 99%

Adaptive Reuse of Apartments as Heritage Assets in the Seoul Station Urban Regeneration Area

Yoon

Lee

2019

Sustainability

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Apartments were crucial solutions to provide sufficient dwellings and to improve residential environment quality in the period after the Korean War. Thirty years after the first rush of apartment construction, many of those apartments have been demolished. However, several small-scale apartment complexes or single-building apartments without collective estates were not included in reconstruction efforts due to property, ownership, and reconstruction feasibility issues. Four such apartments remain in the Seoul Station Urban Regeneration Area. Although they are considered severely deteriorated, their architectural, historical, and cultural heritage values warrant inclusion in the Seoul Future Heritage list. From the perspective of urban regeneration, these apartments should be targeted for revitalization not only to preserve their originality but to improve the quality of sustainable building conditions and operations. In this study, we examine Choongjeong Apartment, Hoehyeon Civic Apartment, St.Joseph Apartment, and Seosomun Apartment in terms of balance among six heritage values and their improvement needs, as well as possible revitalization strategies that support sustainable urban regeneration in the area. We argue that their physical conditions can be brought up to applicable building codes, if financial support is forthcoming and numerous decision-makers allow. However, sustainable revitalization of apartments requires examination of factors affecting adaptive reuse. Through a literature and data collection review within an analysis framework, we analyze factors and issues for adaptive reuse of the four apartments. It is expected that the findings of this paper will provide insight into the role of various actors determining and taking actions for strategic physical interventions and change of uses.

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Section: Overview Of Four Apartments In the Seoul Station Area And Thmentioning

confidence: 99%

Adaptive Reuse of Apartments as Heritage Assets in the Seoul Station Urban Regeneration Area

Yoon

Lee

2019

Sustainability

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“…In a discussion on the model for directly assessing/valuating the economic value of the existence of the environmental goods, there are two famous approaches those are Contingent Valuation Method and Choice Experiment (Schläpfer, 2017). There are some research with related models that have been assembled by the previous researchers included in some models as follows: Schläpfer (2017 ) discusses some preferences to pay for the public services through the survey classifications and approaches, while Gómez-Zapata, et. al.…”

Section: Resultsmentioning

confidence: 99%

Economic Valuation of Tourism Attraction of Jatijajar Cave in Kebumen Regency

Susilowati

Syah

Suharno

et al. 2018

jejak

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The research aims at estimating the level of Willingness to Pay of the tourists for the Tourism Attraction of Jatijajar Cave in Kebumen Regency. The primary data is obtained from 105 respondents by using the Multistage Sampling and five key persons by using the Purposive Sampling. The characteristics of respondents show that some of the tourists are male, around 21 to 30 years old. The result of Contingent Valuation Methods shows that the WTP of the tourists of Jatijajar Cave has the average about Rp 17,000.00 and the total value of WTP is about Rp 5,231,410,000.00. The novelty in this research is using Contingent Valuation Methods approach to educate the visitors through the hypothetical-market that has been built by two scenarios of willingness to pay for the visitors at Jatijajar Cave tourism attraction as a compensation for the development of tourism attraction.

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“…This definition, generally accepted in the museum world, clearly describes the main functions that museums pursue and which involve preservation, exhibition, research, education and dissemination of their collections. Consequently, at this stage, measuring the performance of museums might prove to be a complicated task mainly for three reasons: firstly, because museum involve a wide range of resources, many of which are not easy to measure due to their qualitative and disperse nature; secondly, because museums' ultimate purpose is to provide a complex and multiple product that is not always tangible or commercial in nature; and thirdly, because these institutions are frequently public or non-profit entities that do not often follow cost minimisation behaviour, such that management success cannot easily be measured in the market (Fernández-Blanco et al, 2013;Gómez-Zapata et al, 2018).…”

Section: Efficiency Analysis In Museums: State Of the Artmentioning

confidence: 99%

Modelling museum efficiency in producing inter-reliant outputs

Barrio‐Tellado

Prieto

2019

J Cult Econ

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The aim of this work is to evaluate the performance of a homogeneous state-run network of museums. Non-parametric models are used to measure relative efficiency in these institutions, and we employ a complex production function embracing a number of inputs and outputs adapted to the various functions which museums fulfil: preservation, research, communication, and exhibition. Our approach considers that managers drive certain outputs, but that others escape their control since they are co-produced by visitors and determined by demand conditions and external factors. Based on this, a network two-stage Data Envelopment Analysis (DEA) approach is applied to evaluate museums' overall performance and to distinguish between efficiency in two stages: internal management and external outcomes. The low levels of performance and gaps in the scores from the first to the second stage suggest there are external factors that might determine museum performance. We therefore apply truncated regression models to analyse how and how much certain environmental variables might shape levels of museum efficiency. In this case, we consider indicators such as accessibility, tourism capacity, cultural appeal, museum age and the institutional management model. The application is performed on a sample taken from a Spanish state-run network of museums. Results show that, in general, good levels of efficiency in terms of management do not guarantee success when attracting visitors, and there seems to be a trade-off between the two goals. Variables such as tourism capacity and heritage endowments in the surrounding area, as well as the museum's management model, may determine museums' efficiency levels. The research findings may prove useful for running these cultural institutions and for those responsible for public resource allocation in cultural policies as well as for scholars, who may find a fresh approach for modelling museum efficiency and for discussing drivers of museum management success.

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Economic valuation of museums as public club goods: Why build loyalty in cultural heritage consumption?

Cited by 31 publications

References 35 publications

Adaptive Reuse of Apartments as Heritage Assets in the Seoul Station Urban Regeneration Area

Adaptive Reuse of Apartments as Heritage Assets in the Seoul Station Urban Regeneration Area

Economic Valuation of Tourism Attraction of Jatijajar Cave in Kebumen Regency

Modelling museum efficiency in producing inter-reliant outputs

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