Home
About
Aims and Scope
Editorial Board
Submit
Archive
Search
|
Journal of Economic Theory and Econometrics
Journal of the Korean Econometric Society
The Determinants of Convention Site Selection: An Experimental Analysis
Vol.24, No.4, December 2013, 338–365
|
|
Wonho Song
(School of Economics, Chung-Ang University)
Sukyoung Han
(School of Hotel and Tourism Management, Sejong Cyber University)
|
|
|
|
Abstract
This paper examines the determinants of convention site selection with experimental data. The meetings and conventions industry is becoming more competitive and gaining importance in a national economy. However, there are only a few studies available on this issue. Moreover, analytical tools used are limited to statistical variance analysis or simple linear regressions and they lacked theoretical backgrounds. This paper tries to fill this gap and examines the determinants of site selection and their relative importance in Korean meetings and conventions industry. We employ the random utility theory to investigate individual choice decisions and estimate the mixed logit model for the choices with different selection attributes. After careful examination of previous literature, fifteen candidate factors are finally chosen and the logit and the mixed logit models are estimated. Both methods show that meeting facilities, exhibition, access to site, reputation, local support and shopping are the most important factors.
|
Keywords
Convention, Site Selection, Discrete Choices, Mixed Logit Model, Market Share |
JEL classification codes
C11, C25, C91, L83 |
|
Links
KCI
KES
SCOPUS
MathJax
|