Culture and region: a multidimensional evaluation of monuments
The issue of assessing the compound socioeconomic and historicocultural values of monuments is addressed. Monuments are part of the historical and cultural heritage of a country, region, or city. They are a potential source of economic development (for example, by means of tourism), but they also have their own indigenous value. A plea is made for planning for preservation of the cultural heritage by emphasizing the intangible attributes of urban monuments. In this context, the notion of option value plays an important role. The actual compound evaluation of cultural monuments, based on both user value and option value, is then undertaken by means of a recently developed multicriteria technique for qualitative assessment, namely the regime method. The method is briefly described and next applied to evaluate the socioeconomic and functional - urban value as well as the historicocultural value of twenty churches in the city of Thessaloniki. The results are presented in visual form by means of bar charts pertaining to three different types of scenarios. These outcomes appear to be reasonably robust across all scenarios. Some remarks are made about the use of such methods in the broader context of monument restoration policy.
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- Douglas A. Greenley & Richard G. Walsh & Robert A. Young, 1981. "Option Value: Empirical Evidence from a Case Study of Recreation and Water Quality," The Quarterly Journal of Economics, Oxford University Press, vol. 96(4), pages 657-673.
- Burton A. Weisbrod, 1964. "Collective-Consumption Services of Individual-Consumption Goods," The Quarterly Journal of Economics, Oxford University Press, vol. 78(3), pages 471-477.
- Warr, Peter G, 1982. "Shadow Pricing Rules for Non-Traded Commodities," Oxford Economic Papers, Oxford University Press, vol. 34(2), pages 305-325, July.
- Hinloopen, E. & Nijkamp, P., 1986. "Qualitative multiple criteria choice analysis : the dominant regime method," Serie Research Memoranda 0045, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
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