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Breaking New Ground in Heritage Valuation: A Comprehensive Use of Discrete Choice Experiments

Author

Listed:
  • Mikołaj Czajkowski

    (Faculty of Economic Sciences, University of Warsaw)

  • Bartosz Jusypenko

    (Faculty of Economic Sciences, University of Warsaw)

  • Ben White

    (SurveyEngine GmbH, Germany)

Abstract

This pioneering study employs stated preference methods, specifically discrete choice experiments, to evaluate public preferences for the protection of diverse cultural heritage assets in Victoria, Australia. By analyzing responses to a series of hypothetical policy scenarios, we uncover the economic values the public assigns to various heritage attributes, including condition, accessibility, and protection measures. Our findings emphasize the importance of both use and non-use values in shaping willingness to pay for heritage conservation. These insights are critical for developing more effective, community-aligned heritage policies that reflect the public's valuation of cultural heritage. This research marks a significant advancement in the application of discrete choice experiments for general heritage valuation, offering a robust framework for future studies and policy development in cultural heritage preservation.

Suggested Citation

  • Mikołaj Czajkowski & Bartosz Jusypenko & Ben White, 2025. "Breaking New Ground in Heritage Valuation: A Comprehensive Use of Discrete Choice Experiments," Working Papers 2025-11, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2025-11
    as

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    File URL: https://www.wne.uw.edu.pl/download_file/5532/0
    File Function: First version, 2025
    Download Restriction: no
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    More about this item

    Keywords

    cultural heritage; historic preservation; built environment; non-market valuation; discrete choice experiment; public preferences;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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