Article
Valuing congestion costs in the British Museum

Authors: Maddison D.¹; Foster T.²

Source: Oxford Economic Papers, Volume 55, Number 1, January 2003 , pp. 173-190(18)

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Abstract:

Museums are potentially congestible resources because the exhibits they contain are, in any relevant sense of the word, irreproducible. Insofar as visitor congestion diminishes the value of individuals' visits it constitutes an additional reason for charging for admission to museums, albeit one not previously considered. A policy of free access to a museum containing unique treasures may dissipate the economic benefits of the museum. Within the context of an empirical study undertaken using valuation techniques it is shown that the congestion cost posed by the marginal visitor to the British Museum is £8.05. External benefits may nonetheless play a crucial role in determining whether it is appropriate to charge. Insofar as congestion is a widespread phenomenon in important museums and galleries the issues raised in this paper as well as the methodology devised to determine congestion costs could have widespread application.

Document Type: Original article

Affiliations: 1: Department of Economics, University College London, Gower Street, London, WC1E 6BT; also Hamburg University and the University of Southern Denmark; email: dma@sam.sdu.dk 2: Goldman Sachs

Publication date: 2003-01-01

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Oxford Economic Papers is a general economics journal, publishing refereed papers in economic theory, applied economics, econometrics, economic development, economic history, and the history of economic thought. It occasionally publishes survey articles in addition to original papers. Books are not reviewed, but substantial review articles are considered. The journal occasionally publishes survey articles in addition to original papers, and occasionally publishes special issues or symposia.