IDEAS home Printed from https://ideas.repec.org/p/ecr/col031/4979.html
   My bibliography  Save this paper

Valuing damage and losses in cultural assets after a disaster: concept paper and research options

Author

Listed:
  • Vecvagars, Kaspars

Abstract

This paper is a first conceptual discussion and proposal to formalize the inclusion of the valuation of cultural assets after a disaster. Over the last recent years ECLAC has, in several instances, attempted at valuating cultural assets damage and losses as incurred in the wake of disasters. The paper discusses first the existing debate on the valuation of cultural goods and services, describes the characteristics of cultural assets and their market and non-market values. It proceeds then to describe some valuation methods that have been applied to cultural assets in other contexts, including the quasi-valuation method, and describes the process of damage assessment. It concludes by summarizing the possibility of applying one or several of these methods as part of the well established ECLAC disaster impact assessment methodology1 and advances some recommendations and areas for turture research. The paper also includes an example of application of contingent valuation method in a particular case (Fes Medina in Morocco).

Suggested Citation

  • Vecvagars, Kaspars, 2006. "Valuing damage and losses in cultural assets after a disaster: concept paper and research options," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4979, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col031:4979
    Note: Includes bibliography
    as

    Download full text from publisher

    File URL: http://repositorio.cepal.org/handle/11362/4979
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
    2. Nick Hanley & Robert Wright & Vic Adamowicz, 1998. "Using Choice Experiments to Value the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 413-428, April.
    3. ,, 2004. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 20(2), pages 427-429, April.
    4. ,, 2004. "Problems And Solutions," Econometric Theory, Cambridge University Press, vol. 20(1), pages 223-229, February.
    5. Michael Getzner, 2004. "Exploring Voter Preferences in Cultural Policy: A Case Study for Austria," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 31(1), pages 27-42, March.
    6. Richard Ready & Ståle Navrud & Brett Day & Richard Dubourg & Fernando Machado & Susana Mourato & Frank Spanninks & Maria Rodriquez, 2004. "Benefit Transfer in Europe: How Reliable Are Transfers between Countries?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(1), pages 67-82, September.
    7. Ståle Navrud & Richard C. Ready (ed.), 2002. "Valuing Cultural Heritage," Books, Edward Elgar Publishing, number 1759.
    8. Joshua Guetzkow, 2002. "How the Arts Impact Communities: An introduction to the literature on arts impact studies," Working Papers 44, Princeton University, Woodrow Wilson School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    9. Deborah Ann Ford, 1989. "The Effect of Historic District Designation on Single‐Family Home Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(3), pages 353-362, September.
    10. Michael Hutter & Ilde Rizzo (ed.), 1997. "Economic Perspectives on Cultural Heritage," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25824-6, December.
    11. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    12. -, 2003. "Handbook for estimating the socio-economic and environmental effects of disasters," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2782 edited by Eclac.
    13. Massimiliano Mazzanti, 2003. "Discrete choice models and valuation experiments," Journal of Economic Studies, Emerald Group Publishing, vol. 30(6), pages 584-604, October.
    14. Asabere, Paul K & Hachey, George & Grubaugh, Steven, 1989. "Architecture, Historic Zoning, and the Value of Homes," The Journal of Real Estate Finance and Economics, Springer, vol. 2(3), pages 181-195, September.
    15. Foster, Vivien & Mourato, Susana, 2002. "Testing for Consistency in Contingent Ranking Experiments," Journal of Environmental Economics and Management, Elsevier, vol. 44(2), pages 309-328, September.
    16. Joshua Guetzkow, 2002. "How the Arts Impact Communities: An introduction to the literature on arts impact studies," Working Papers 44, Princeton University, School of Public and International Affairs, Center for Arts and Cultural Policy Studies..
    17. repec:pri:cpanda:wp20%20-%20guetzkow is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zoran Vojinovic & Michael Hammond & Daria Golub & Sianee Hirunsalee & Sutat Weesakul & Vorawit Meesuk & Neiler Medina & Arlex Sanchez & Sisira Kumara & Michael Abbott, 2016. "Holistic approach to flood risk assessment in areas with cultural heritage: a practical application in Ayutthaya, Thailand," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(1), pages 589-616, March.
    2. -, 2014. "Handbook for disaster assessment," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 36823 edited by Eclac.
    3. Zoran Vojinovic & Michael Hammond & Daria Golub & Sianee Hirunsalee & Sutat Weesakul & Vorawit Meesuk & Neiler Medina & Arlex Sanchez & Sisira Kumara & Michael Abbott, 2016. "Holistic approach to flood risk assessment in areas with cultural heritage: a practical application in Ayutthaya, Thailand," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(1), pages 589-616, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Douglas S. Noonan, 2013. "Market effects of historic preservation," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 17, pages i-i, Edward Elgar Publishing.
    2. Lydia Deloumeaux, 2013. "Current challenges in cultural statistics: a focus on heritage," Chapters, in: Ilde Rizzo & Anna Mignosa (ed.), Handbook on the Economics of Cultural Heritage, chapter 9, pages i-i, Edward Elgar Publishing.
    3. Gabriel Ahlfeldt & Kristoffer Möller & Sevrin Waights & Nicolai Wendland, 2012. "On prisoner's dilemmas and gilded cages: The economics of heritage preservation," ERSA conference papers ersa12p783, European Regional Science Association.
    4. Gabriel M. Ahlfeldt & Wolfgang Maennig, 2010. "Substitutability and Complementarity of Urban Amenities: External Effects of Built Heritage in Berlin," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 38(2), pages 285-323, June.
    5. Faroek Lazrak & Peter Nijkamp & Piet Rietveld & Jan Rouwendal, 2014. "The market value of cultural heritage in urban areas: an application of spatial hedonic pricing," Journal of Geographical Systems, Springer, vol. 16(1), pages 89-114, January.
    6. Turner, Robert & Willmarth, Blake, 2014. "Valuation of Cultural and Natural Resources in North Cascades National Park: Results from a Tournament-Style Contingent Choice Survey," Working Papers 2014-01, Department of Economics, Colgate University, revised 23 Jan 2014.
    7. Tran Huu Tuan, 2007. "Valuing the Economic Benefits of Preserving Cultural Heritage: The My Son Sanctuary World Heritage Site in Vietnam," EEPSEA Research Report rr2007072, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jul 2007.
    8. Lazrak, F. & Nijkamp, P. & Rietveld, P. & Rouwendal, J., 2009. "Cultural heritage and creative cities: an economic evaluation perspective," Serie Research Memoranda 0036, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    9. Rosato, Paolo & Rotaris, Lucia & Breil, Margaretha & Zanatta, Valentina, 2008. "Do We Care about Built Cultural Heritage? The Empirical Evidence Based on the Veneto House Market," Sustainability Indicators and Environmental Valuation Working Papers 42917, Fondazione Eni Enrico Mattei (FEEM).
    10. Daniel Shefer & Eyal Salinger, 2011. "Modeling the Decision to Conserve and the Economic Value of Conservation - The Case of the White City of Tel Aviv," ERSA conference papers ersa10p852, European Regional Science Association.
    11. Agnieszka Kurdyś-Kujawska & Agnieszka Sompolska-Rzechuła & Joanna Pawłowska-Tyszko & Michał Soliwoda, 2021. "Crop Insurance, Land Productivity and the Environment: A Way forward to a Better Understanding," Agriculture, MDPI, vol. 11(11), pages 1-17, November.
    12. Meya, Jasper N. & Drupp, Moritz A. & Hanley, Nick, 2021. "Testing structural benefit transfer: The role of income inequality," Resource and Energy Economics, Elsevier, vol. 64(C).
    13. Hans R. A. Koster & Jos N. van Ommeren & Piet Rietveld, 2016. "Historic amenities, income and sorting of households," Journal of Economic Geography, Oxford University Press, vol. 16(1), pages 203-236.
    14. van der Laan, G. & Talman, A.J.J. & Yang, Z.F., 2005. "Computing Integral Solutions of Complementarity Problems," Other publications TiSEM b8e0c74e-2219-4ab0-99a2-0, Tilburg University, School of Economics and Management.
    15. Wenfeng Chi & Yuanyuan Zhao & Wenhui Kuang & Tao Pan & Tu Ba & Jinshen Zhao & Liang Jin & Sisi Wang, 2021. "Impact of Cropland Evolution on Soil Wind Erosion in Inner Mongolia of China," Land, MDPI, vol. 10(6), pages 1-16, June.
    16. Yulin Zhao, 2012. "Positive Solutions for ( k , n − k ) Conjugate Multipoint Boundary Value Problems in Banach Spaces," International Journal of Mathematics and Mathematical Sciences, Hindawi, vol. 2012, pages 1-18, August.
    17. Nick Middleton & Utchang Kang, 2017. "Sand and Dust Storms: Impact Mitigation," Sustainability, MDPI, vol. 9(6), pages 1-22, June.
    18. Kevin Boyle & Sapna Kaul & Ali Hashemi & Xiaoshu Li, 2015. "Applicability of benefit transfers for evaluation of homeland security counterterrorism measures," Chapters, in: Carol Mansfield & V. K. Smith (ed.), Benefit–Cost Analyses for Security Policies, chapter 10, pages 225-253, Edward Elgar Publishing.
    19. Kallas, Z. & Gómez-Limón, J.A., 2007. "Valoración De La Multifuncionalidad Agraria: Una Aplicación A Través Del Método De Los Experimentos De Elección/Agricultural Multifunctionality Valuation: A Case Study Using The Choice Experiment," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 25, pages 107-144, Abril.
    20. Tarantino, Emanuele & Pavanini, Nicola & Mayordomo, Sergio, 2020. "The Impact of Alternative Forms of Bank Consolidation on Credit Supply and Financial Stability," CEPR Discussion Papers 15069, C.E.P.R. Discussion Papers.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecr:col031:4979. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca CEPAL (email available below). General contact details of provider: https://edirc.repec.org/data/eclaccl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.