How visitors value traditional built environment? Evidence from a contingent valuation survey

Giannakopoulou, Stella; Xypolitakou, Eleni; Damigos, D.; Kaliampakos, Dimitris

doi:10.1016/j.culher.2016.11.004

Cited by 31 publications

(13 citation statements)

References 27 publications

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“…90%) also tend to choose the lowest bid value of Rp 13,500.00, while those with ages of 41-50 years old(53.85%) tend to choose the highest bid value of Rp 23,500.00. This is in line with findings of Giannakopoulou et. al (2017).…”

Section: Resultssupporting

confidence: 94%

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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Section: Resultssupporting

confidence: 94%

Economic Valuation of Tourism Attraction of Jatijajar Cave in Kebumen Regency

Susilowati

Syah

Suharno

et al. 2018

jejak

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“…For the purposes of this research, we used open questions to extract WTP for the potential benefits obtained by improving the thermal envelope standards of homes, establishing an open-ended contingent valuation model (Giannakopoulou et al, 2017;Romano et al, 2016;Shi et al, 2014).…”

Section: Evaluation Of Wtp For Residential Energy Efficiency Using a mentioning

confidence: 99%

Does energy efficiency matter to real estate-consumers? Survey evidence on willingness to pay from a cost-optimal analysis in the context of a developing country

Encinas

Duarte

Flor

et al. 2018

Energy for Sustainable Development

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In most countries, energy efficiency at the residential level has been largely delegated to the dynamics of realestate markets after setting a minimum level. This regulatory definition is in certain cases supplemented by energy performance certificates, such as in the case of the European Union. This approach is based on the understanding that avoided energy-consumption costs positively affect the willingness to pay for them, thus leading to higher prices capable of offsetting production costs and thereby encouraging developers. The case of the private housing market in Santiago de Chile was selected as a reference for a developing country in which energy performance certificates, although they exist as an instrument, are not required to be applied in property transactions. However, unlike most of the research performed in developed countries, it is difficult to analyse price formation using methods based on observed preferences in areas in which there are few energy-certified buildings. Using the technique of contingent valuation, such as the method based on stated preferences, enables one to overcome this difficulty. This article investigates willingness to pay for improvements in the energy efficiency of buyers for new homes based on a representative investment/operation cost analysis. This approach has been addressed to open the debate on the convenience of modify the national construction code and rethink the energy certification scheme as well as an exploratory study to undercover further research lines to support the aforementioned debate. The results suggests that there is a number of potential home buyers ready to pay for energy efficiency when they are informed on the cost savings associated to structural modifications and the cost of providing such improvements and such willingness to pay is not monolithic across the respondents, but seems to be influenced by the education level plausibly associated to the purchase power.

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“…This represents only 6.9%, substantially less than the two Macau studies referred to above (Jin, , 32% and Song et al, , 35%). It is also far lower than protest zeros reported in other studies of cultural goods, for example Bàez‐Montenegro et al (), approximately 21%, Del Saz Salazar and Montagud Marques (), 32%, and Giannakopoulou, Xypolitakou, Damigos, & Kaliampakos (), 42%. The open‐ended question as to why these respondents were not willing to forgo any of their wealth partaking payment showed that most attributed any current or future shortfall in funding for the orchestra to a failure on the part of the Macau government to use its revenue wisely.…”

Section: Resultsmentioning

confidence: 59%

How can we correct for contingent valuation bias? A case study of the Macau Orchestra

Vinnicombe

Sou

2019

Economic Affairs

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The long‐standing contingent valuation method (CVM) is one of the most controversial techniques in economics. But it still remains the main means of assisting policymakers in understanding the preferences of ordinary citizens in valuing a range of non‐market goods believed to have positive external benefits. In the absence of viable alternatives, it is necessary that this method continues to be refined. This is especially important as CVM is increasingly being applied outside the area of environmental economics and outside the Western socio‐political context where theoretical advances have previously been made. This article examines three sources of bias in CVM in the context of valuing cultural goods: information, mixed good, and payment vehicle bias. A small case study of a publicly funded orchestra in an Asian city, the Macau Orchestra, is used to provide a preliminary exploration of the issues discussed.

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How visitors value traditional built environment? Evidence from a contingent valuation survey

Cited by 31 publications

References 27 publications

Economic Valuation of Tourism Attraction of Jatijajar Cave in Kebumen Regency

Economic Valuation of Tourism Attraction of Jatijajar Cave in Kebumen Regency

Does energy efficiency matter to real estate-consumers? Survey evidence on willingness to pay from a cost-optimal analysis in the context of a developing country

How can we correct for contingent valuation bias? A case study of the Macau Orchestra

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