The Willingness-to-Pay for the Royal Theatre in Copenhagen as a Public Good |
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| Authors: | Trine Bille Hansen |
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| Institution: | (1) AKF, Institute of Local Government Studies - Denmark, Nyropsgade 37, DK-1602 Copenhagen, Denmark |
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| Abstract: | In this paper some of the results of a Contingent Valuation (CV)-Study of the Royal Theatre in Copenhagen, Denmark, are presented.
The estimated aggregated willingness-to-pay (WTP) for the Royal Theatre through taxes shows that the Danish population wants
to pay at least as much as the theatre receives in public subsidies. The visitors comprise only about 7 per cent of the total
population, but the non-users' WTP is quite substantial which is the interesting point. It means that the non-users are willing
to pay an option price and that the Royal Theatre has non-use value.
This revised version was published online in August 2006 with corrections to the Cover Date. |
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| Keywords: | contingent valuation willingness-to-pay taxes theatre non-market benefits of the art |
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