Armbrecht, J. (2014) Use value of cultural experiences: A comparison of contingent valuation and travel cost (Summary)

In this study, Armbrecht compares Customer valuation method (CVM) and Travel Cost method (TCM) to study which better assesses use value for cultural institutions. The author compared a concert hall and a museum. This was done because different institutions have different reasons for being built and for being visited. I find this to be a […]