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The Evaluation of Cultural Heritage: Some Critical Issues

In: Economic Perspectives on Cultural Heritage

Author

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  • Bruno S. Frey

Abstract

Decisions on preserving art objects and art institutions are continually taken by governments and public administrations. Preservation implies maintaining the stock and hindering its dilapidation and worsening. Keeping up the stock creates opportunity cost as the resources involved (labour and material inputs, and in the case of historic monuments especially the sites) could be used for alternative purposes. Current funds are needed to repair and safeguard the objects. In order to take these decisions rationally an evaluation of the value of the cultural heritage (compared with relevant alternatives) is required.

Suggested Citation

  • Bruno S. Frey, 1997. "The Evaluation of Cultural Heritage: Some Critical Issues," Palgrave Macmillan Books, in: Michael Hutter & Ilde Rizzo (ed.), Economic Perspectives on Cultural Heritage, chapter 3, pages 31-49, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25824-6_3
    DOI: 10.1007/978-1-349-25824-6_3
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    Citations

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    Cited by:

    1. Bruno S. Frey & Paolo Pamini, 2009. "World Heritage: Where Are We? An Empirical Analysis," CREMA Working Paper Series 2009-31, Center for Research in Economics, Management and the Arts (CREMA).
    2. Bruno S. Frey & Paolo Pamini, 2009. "Making world heritage truly global: the culture certificate scheme," IEW - Working Papers 419, Institute for Empirical Research in Economics - University of Zurich.
    3. Chr. Hjorth-Andersen, 2004. "The Danish Cultural Heritage: Economics and Politics," Discussion Papers 04-33, University of Copenhagen. Department of Economics.
    4. Bruno S. Frey & Paolo Pamini & Lasse Steiner, 2011. "What Determines The World Heritage List? An Econometric Analysis," CREMA Working Paper Series 2011-01, Center for Research in Economics, Management and the Arts (CREMA).
    5. Bruno S. Frey & Lasse Steiner, 2010. "World Heritage List: does it make sense?," IEW - Working Papers 484, Institute for Empirical Research in Economics - University of Zurich.
    6. 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.
    7. Obafemi A. P. Olukoya, 2021. "Framing the Values of Vernacular Architecture for a Value-Based Conservation: A Conceptual Framework," Sustainability, MDPI, vol. 13(9), pages 1-18, April.
    8. Luigi Petti & Claudia Trillo & Busisiwe Ncube Makore, 2020. "Cultural Heritage and Sustainable Development Targets: A Possible Harmonisation? Insights from the European Perspective," Sustainability, MDPI, vol. 12(3), pages 1-24, January.
    9. Chr. Hjorth-Andersen, 2004. "The Danish Museum System," Discussion Papers 04-34, University of Copenhagen. Department of Economics.
    10. Benedetta Parenti & Salvatore Capasso & Salvatore Ercolano & Giuseppe Lucio Gaeta & Patrizia Lattarulo, 2020. "Quantitative methods for the economic valuation of a cultural tourism destination: case study of the Pisa Charterhouse," Quality & Quantity: International Journal of Methodology, Springer, vol. 54(5), pages 1577-1590, December.
    11. Calogero Guccio & Domenico Lisi & Anna Mignosa & Ilde Rizzo, 2018. "Does cultural heritage monetary value have an impact on visits? An assessment using official Italian data," Tourism Economics, , vol. 24(3), pages 297-318, May.
    12. Robert W. Kling & Charles F. Revier & Karin Sable, 2004. "Estimating the Public Good Value of Preserving a Local Historic Landmark: The Role of Non-substitutability and Citizen Information," Urban Studies, Urban Studies Journal Limited, vol. 41(10), pages 2025-2041, September.
    13. 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.
    14. Isabel Mendes, 2016. "Assessing the Values of Archaeological Heritage," Working Papers Department of Economics 2016/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

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