On the Economic Effects of Music and Opera Festivals

19 Pages Posted: 1 Feb 2014

See all articles by Olivier Gergaud

Olivier Gergaud

Kedge - Bordeaux Business School

Victor A. Ginsburgh

Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE); Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES)

Date Written: January 31, 2014

Abstract

The chapter describes the different techniques that may be used to measure the short-term economic fallouts of cultural events and, in particular, of music and opera festivals. It tries to distinguish failsafe methods — which are unfortunately not always easy to use — from more doubtful ones, in particular contingent valuation and interviews — which lead to exaggerated evaluations. Examples are provided in each case. We also suggest a new and inexpensive method to evaluate the relative numbers of visitors (by country of origin), which does not suffer from the exaggerations provided by contingent valuation and interviews.

Suggested Citation

Gergaud, Olivier and Ginsburgh, Victor A., On the Economic Effects of Music and Opera Festivals (January 31, 2014). Available at SSRN: https://ssrn.com/abstract=2388690 or http://dx.doi.org/10.2139/ssrn.2388690

Olivier Gergaud (Contact Author)

Kedge - Bordeaux Business School ( email )

Domaine de Luminy - BP 921
BP 921
Marseille, PACA 13288
France

Victor A. Ginsburgh

Catholic University of Louvain (UCL) - Center for Operations Research and Econometrics (CORE) ( email )

34 Voie du Roman Pays
1348 Louvain-la-Neuve, 1348
Belgium
+32 2 650 3846 (Phone)
+32 2 650 4012 (Fax)

Université Libre de Bruxelles (ULB) - European Center for Advanced Research in Economics and Statistics (ECARES) ( email )

Ave. Franklin D Roosevelt, 50 - C.P. 114
Brussels, B-1050
Belgium
+32 2 650 3839/4 (Phone)
+32 2 650 3595 (Fax)

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