The value of experiences at a music event

• Experience value has become the preferred approach to analyse t ourism and event experiences. Willingness‐to‐pay for experiences can be elicited by revealed preference methods such as the travel cost method and in this study, the e xperience value created at a three day long music festival is assessed by the zonal travel cost method. The functional form used as well as the assessment of visitors' travel cost, d etermine the consumer surplus from the event. The effe cts on the valid ity of the TCM from three functional forms, combined with the effect of three ways of determining visitors' travel cost, are studied. Results illustrate how sensitive TCM is to the way travel cost is estimated as well as to the functional form used and several critical issues related to the validity and reliability of TCM are raised in the concludin

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business (hsv//eng)

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Business Administration (hsv//eng)

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