Estimating Use and Non-use Values of a Music Festival

Andersson, Tommy D., 1947 (author): Gothenburg University,Göteborgs universitet,Centre for Business in Society,Centrum för turism,Företagsekonomiska institutionen,Centre for Tourism,Department of Business Administration

Armbrecht, John (author): Gothenburg University,Göteborgs universitet,Centre for Business in Society,Centrum för turism,Företagsekonomiska institutionen, Marknadsföring,Centre for Tourism,Department of Business Administration, Marketing Group

Lundberg, Erik, 1978 (author): Gothenburg University,Göteborgs universitet,Centre for Business in Society,Företagsekonomiska institutionen,Centrum för turism,Department of Business Administration,Centre for Tourism

(creator_code:org_t)

Informa UK Limited, 2012
2012
English.
In: Scandinavian Journal of Hospitality and Tourism. - : Informa UK Limited. - 1502-2250 .- 1502-2269. ; 12:3, s. 215-231

Related links:: https://gup.ub.gu.se...; show more...; https://doi.org/10.1...; show less...

Abstract Subject headings

Impacts of a music festival may appear in many forms and research in the area of impact assessments is at present developing wider perspectives than being limited to economic impact assessments. Concepts like social, cultural and environmental impacts are now appropriate and traditional cost–benefit analysis is regaining momentum. The purpose of this study was first, to discuss how the value of a festival can be assessed and understood within a cost–benefit framework. Second, it was to evaluate a Scandinavian music festival in terms of Use and Non-use values by the contingent valuation method. The results illustrate the implications of a wider perspective regarding the impacts of a festival. Use value, representing the core experience, is the largest value (€7.4 million) but Non-use value is also important (€3 million). The latter includes the perceived value of externalities such as socio-cultural and environmental impacts which are highly relevant from a sustainability perspective. One conclusion is that Use and Non-use values within a cost–benefit framework can help managers and researchers understand value creation of festivals better.

By the author/editor: Andersson, Tommy ...; Armbrecht, John; Lundberg, Erik, ...

About the subject

SOCIAL SCIENCES: SOCIAL SCIENCES; and Economics and Bu ...; and Business Adminis ...

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