search query: @author Foster, T. / total: 2
reference: 1 / 2
« previous | next »
| Author: | Maddison, D. Foster, T. |
| Title: | Valuing congestion costs in the British Museum |
| Journal: | Oxford Economic Papers
2003 : JAN, VOL. 55:1, p. 173-190 |
| Index terms: | Arts Museums Culture Finance Economic theory Models United Kingdom Europe |
| Language: | eng |
| Abstract: | Museums are potentially congestible resources because the exhibits they contain are, in any relevant sense of the world, irreproducible. Insofar as visitor congestion diminishes the value of individuals' visits it constitutes an additional reason for charging for admission to museums. A policy of free access to a museum containing unique treasures may dissipate the economic benefits of the museum. In the paper, it is shown that the congestion cost posed by the marginal visitor to the British Museum is GBP 8.05. External benefits may nonetheless pay a crucial role in determining whether it is appropriate to charge. The issues raised in this paper as well as the methodology devised to determine congestion costs could have widespread application. |
« previous | next »
SCIMA