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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-51871

Frey, Bruno S; Pamini, Paolo (2009). Making world heritage truly global: the culture certificate scheme. Working paper series / Institute for Empirical Research in Economics No. 419, University of Zurich.

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Abstract

Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a tradable Certificate. Countries and private firms are induced to seek sites where financial resources can be spent most productively. This leads to an efficient allocation of resources to preserve World Heritage.

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
DDC:330 Economics
Language:English
Date:June 2009
Deposited On:29 Nov 2011 21:09
Last Modified:09 Jul 2012 07:01
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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