Measuring the Economic and Cultural Values of Historic Heritage Places
AbstractThis research project on the valuation of cultural heritage is developing a methodology for a quantitative valuation study of the use and non-use values of historic heritage places. The methodology developed in this project will provide a template for subsequent empirical applications to generate data of use in the formulation of heritage policies and programs. The initial stages in reaching this larger objective have involved determining how historic heritage places are to be categorised for measurement, establishing the process by which heritage attributes will be determined for valuation, and developing and trialling an effective measurement framework. The principal techniques being developed for valuation assessment in the project are derived from choice-modelling (CM) and contingent-valuation methods (CVM). A particular focus of the project is on the systematic integration of cultural and economic value assessments within a consistent theoretical framework, reflecting the need for an economic perspective on the significance criteria currently in use in heritage policy in Australia.
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Bibliographic InfoPaper provided by Australian National University, Environmental Economics Research Hub in its series Research Reports with number 107584.
Date of creation: Nov 2010
Date of revision:
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Community/Rural/Urban Development; Environmental Economics and Policy;
Other versions of this item:
- David Throsby, 2010. "Measuring the Economic and Cultural Values of Historic Heritage Places," Environmental Economics Research Hub Research Reports 1085, Environmental Economics Research Hub, Crawford School of Public Policy, The Australian National University.
- NEP-ALL-2011-07-02 (All new papers)
- NEP-CUL-2011-07-02 (Cultural Economics)
- NEP-ENV-2011-07-02 (Environmental Economics)
- NEP-TUR-2011-07-02 (Tourism Economics)
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- Victor Ginsburgh & David Throsby, 2006. "Handbook of the economics of art and culture," ULB Institutional Repository 2013/1673, ULB -- Universite Libre de Bruxelles.
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