Lookup NU author(s): Dr Jose Grisolia,
Emeritus Professor Ken Willis
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This paper investigates people's preferences for live theatre, and heterogeneity in willingness-to-pay (WTP). A stated preference discrete choice model estimates utility and WTP for different attributes of theatre productions. Previous studies assumed fixed coefficients across all theatre-goers. This study allows coefficients of attributes to vary across individuals in the population, providing information on the heterogeneity of tastes. Theatre-goers' choices are used to estimate individual-based parameters for a person's tastes in theatre productions. The analysis reveals the heterogeneity of tastes for different types of plays and ticket price; and the significance of 'reviews' by critics and 'word of mouth' opinions as important variables determining choice.
Author(s): Grisolia JM, Willis K
Publication type: Article
Publication status: Published
Journal: Scottish Journal of Political Economy
Print publication date: 21/04/2011
ISSN (print): 0036-9292
ISSN (electronic): 1467-9485
Publisher: Wiley-Blackwell Publishing Ltd.
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