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Valuing cultural world heritage sites: an application of the travel cost method to Mont-Saint-Michel

Author

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  • Louinord Voltaire
  • Loic Lévi
  • Frédérique Alban
  • Jean Boncoeur

Abstract

This article, using the zonal version of the travel cost method (ZTCM), provides the first economic valuation of recreational trips to Mont-Saint-Michel (MSM). The MSM was designated as United Nations Educational, Scientific and Cultural Organization World Heritage Site in 1979, and is the most visited coastal site in France. The potential effects on consumer surplus (CS) estimates of some aspects of the ZTCM are considered, namely the treatment of the multiple purpose/destination (MP/D) trips, the inclusion of the opportunity cost of time (OCT) in the recreation demand model and the heterogeneity in the preferences. The heterogeneity in the preferences is examined through a random parameters Poisson model (RPPM). The RPPM generalizes the standard Poisson model (SPM) by allowing coefficients of explanatory variables to vary randomly across geographical units rather than being fixed. Our results show that (1) substantial CS values are associated with the MSM; (2) excluding/ignoring MP/D trips result in biased CS estimates; (3) omitting OCT does not substantially bias CS estimates; (4) the RPPM provides richer information about the impact of explanatory variables on the demand for trips than the SPM, but (5) leads to statistically similar CS estimates than the SPM.

Suggested Citation

  • Louinord Voltaire & Loic Lévi & Frédérique Alban & Jean Boncoeur, 2017. "Valuing cultural world heritage sites: an application of the travel cost method to Mont-Saint-Michel," Applied Economics, Taylor & Francis Journals, vol. 49(16), pages 1593-1605, April.
    • Handle: RePEc:taf:applec:v:49:y:2017:i:16:p:1593-1605
    DOI: 10.1080/00036846.2016.1221046
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    Cited by:

    1. de Frutos, Pablo & Rodríguez-Prado, Beatriz & Latorre, Joaquín & Martínez-Peña, Fernando, 2019. "Environmental valuation and management of wild edible mushroom picking in Spain," Forest Policy and Economics, Elsevier, vol. 100(C), pages 177-187.
    2. Voltaire, Louinord & Koutchade, Obafèmi Philippe, 2020. "Public acceptance of and heterogeneity in behavioral beach trip responses to offshore wind farm development in Catalonia (Spain)," Resource and Energy Economics, Elsevier, vol. 60(C).
    3. Md. Karimul Islam & Fariha Farjana & Nishad Nasrin & Md. Shakil Ahmed, 2023. "The economic, social and environmental implications of heritage tourism: evidence from Bangladesh," SN Business & Economics, Springer, vol. 3(2), pages 1-21, February.
    4. Ke Wu & Peixue Liu & Zhenghu Nie, 2021. "Estimating the Economic Value of Soundscapes in Nature-Based Tourism Destinations: A Separation Attempt of a Pairwise Comparison Method," Sustainability, MDPI, vol. 13(4), pages 1-23, February.
    5. Khuda Bakhsh & Iqra Meshaal & Hudda Riaz, 2020. "Evaluating visitors’ travel demand and recreational values in Kallar Kahar Lake, Pakistan," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(8), pages 7951-7967, December.
    6. Tadahiro Okuyama, 2023. "A simultaneous valuation model on positive and negative tourism benefits under suppressed consumption," Tourism Economics, , vol. 29(5), pages 1391-1404, August.
    7. Douglas S. Noonan & Ilde Rizzo, 2017. "Economics of cultural tourism: issues and perspectives," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 41(2), pages 95-107, May.
    8. Silvia Cerisola, 2019. "A new perspective on the cultural heritage–development nexus: the role of creativity," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(1), pages 21-56, March.

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