Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

Is there space for more art in Malmö? A Cost Benefit Analysis for a museum relocation

Rodrigues Gouveia, Filipe Manuel LU and White, Kia LU (2020) NEKP01 20201
Department of Economics
Abstract
This thesis presents a Cost Benefit Analysis of a potential relocation of Malmö Konstmuseum. The main purpose of this research is to inform decision makers and assist the political discussion around this subject. In this study, the net social benefits are estimated for both the new and current locations. On the benefit side, use value, non-use value and museum revenues are accounted for, while on the cost side, construction and operational costs are evaluated. The estimations of use and non-use values are based on previous academic research on the valuation of museums through Contingent Valuation and Travel Cost methods. The remaining estimations of costs and benefits are informed by the current data available for Swedish museums and... (More)
This thesis presents a Cost Benefit Analysis of a potential relocation of Malmö Konstmuseum. The main purpose of this research is to inform decision makers and assist the political discussion around this subject. In this study, the net social benefits are estimated for both the new and current locations. On the benefit side, use value, non-use value and museum revenues are accounted for, while on the cost side, construction and operational costs are evaluated. The estimations of use and non-use values are based on previous academic research on the valuation of museums through Contingent Valuation and Travel Cost methods. The remaining estimations of costs and benefits are informed by the current data available for Swedish museums and recent museum creations and expansions. Based on this analysis, we recommend that from an economic standpoint the museum should remain in its current location. The results show that free admission maximizes the economic value of the art museum. (Less)
Please use this url to cite or link to this publication:
author
Rodrigues Gouveia, Filipe Manuel LU and White, Kia LU
supervisor
organization
course
NEKP01 20201
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Malmö, art museum, CBA, cultural economics, valuation
language
English
id
9013526
date added to LUP
2020-08-29 11:09:06
date last changed
2020-08-29 11:09:06
@misc{9013526,
  abstract     = {{This thesis presents a Cost Benefit Analysis of a potential relocation of Malmö Konstmuseum. The main purpose of this research is to inform decision makers and assist the political discussion around this subject. In this study, the net social benefits are estimated for both the new and current locations. On the benefit side, use value, non-use value and museum revenues are accounted for, while on the cost side, construction and operational costs are evaluated. The estimations of use and non-use values are based on previous academic research on the valuation of museums through Contingent Valuation and Travel Cost methods. The remaining estimations of costs and benefits are informed by the current data available for Swedish museums and recent museum creations and expansions. Based on this analysis, we recommend that from an economic standpoint the museum should remain in its current location. The results show that free admission maximizes the economic value of the art museum.}},
  author       = {{Rodrigues Gouveia, Filipe Manuel and White, Kia}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Is there space for more art in Malmö? A Cost Benefit Analysis for a museum relocation}},
  year         = {{2020}},
}