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Evaluating cultural property: the economic approach


Frey, Bruno S (1997). Evaluating cultural property: the economic approach. International Journal of Cultural Property, 6(2):231-246.

Abstract

The preservation of cultural heritage is costly and one has to decide if and which items of cultural heritage are worth preserving. A method for determining the value of cultural heritage is therefore needed. In economics, several evaluation procedures are applied. This article briefly comments on impact studies and willingness- to-pay studies (hedonic market approach and the travel cost approach) and then focuses on contingent valuation surveys. The application of contingent valuation on the arts and related problems are discussed. Finally, the article combines the evaluation methods with democratic decisions by referenda. Switzerland presents an example of referenda held on art policy

Abstract

The preservation of cultural heritage is costly and one has to decide if and which items of cultural heritage are worth preserving. A method for determining the value of cultural heritage is therefore needed. In economics, several evaluation procedures are applied. This article briefly comments on impact studies and willingness- to-pay studies (hedonic market approach and the travel cost approach) and then focuses on contingent valuation surveys. The application of contingent valuation on the arts and related problems are discussed. Finally, the article combines the evaluation methods with democratic decisions by referenda. Switzerland presents an example of referenda held on art policy

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:National licences > 142-005
Dewey Decimal Classification:Unspecified
Scopus Subject Areas:Social Sciences & Humanities > Conservation
Social Sciences & Humanities > Cultural Studies
Social Sciences & Humanities > History
Social Sciences & Humanities > Anthropology
Social Sciences & Humanities > Museology
Language:English
Date:1 July 1997
Deposited On:25 Oct 2018 16:17
Last Modified:31 Jul 2020 02:08
Publisher:Cambridge University Press
ISSN:0940-7391
OA Status:Green
Publisher DOI:https://doi.org/10.1017/s0940739197000313
Related URLs:https://www.swissbib.ch/Search/Results?lookfor=nationallicencecambridge101017S0940739197000313 (Library Catalogue)

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