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Tackling the Multidimensional Characteristics of Archaeological Heritage with Preference Based Approaches

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  • Isabel Mendes

Abstract

The main aim of this paper involves contributing to the discussion around the value of archaeological heritage through the lens of an economist. The path taken to achieve this main goal included three objectives. Firstly, there is the contribution towards clarifying the concept of archaeological heritage benefits by highlighting the complexity that stems directly from its holistic characteristic. Secondly, this also contributes to assessments of archaeological heritage economic and social benefits and values by demonstrating how they may be captured by means of a single variable measured in monetary units. Furthermore, and thirdly, this then helps explain how such a monetary variable may prove of use both to cultural heritage management for sustainable preservation and conservation improvement, and to the appraisal of the total private and public benefits arising out of preservation and conservation archaeologic heritage projects.

Suggested Citation

  • Isabel Mendes, 2015. "Tackling the Multidimensional Characteristics of Archaeological Heritage with Preference Based Approaches," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 5(4), pages 995-995.
    • Handle: RePEc:ers:ijfirm:v:5:y:2015:i:4:p:995
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    References listed on IDEAS

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    More about this item

    Keywords

    Archaeological Heritage; Multi Values; Market and Non-Market Benefits; Valuation; Preference-Based Methods.;
    All these keywords.

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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