Quotation Throsby, David, Zednik, Anita, Arana, Jorge. 2021. Public preferences for heritage conservation strategies: a choice modelling approach. Journal of Cultural Economics.


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Abstract

Studies aiming at valuing cultural and natural heritage projects are often focussed on one or only a few sites, whereas planning decisions concerning the allocation of public funds to heritage conservation deal with classes of heritage rather than single sites. In addition, such planning decisions are almost always concerned with non-monetary values that need to be incorporated into assessment procedures if the total value of alternative strategies is to be estimated. In this paper, we put forward and estimate models to address both of these issues within a choice-modelling frame-work. The method is developed in the context of conservation of a particular class of cultural heritage, namely major historic buildings in a city or country. We report results from a discrete choice experiment to assess public preferences in which the choices are alternative conservation programs and the attributes are dimensions of the programs’ cultural and economic value. The model is estimated from survey data using several flexible econometric specifications. We show that the methods devel-oped can be used to obtain robust estimates of the economic value of this category of buildings. We also find a significant contribution of all aspects of cultural value to the formation of conservation preferences and the public’s willingness to pay.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Cultural Economics
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new MAR-B, STRAT-B, WH-B
Language English
Title Public preferences for heritage conservation strategies: a choice modelling approach
Year 2021
Reviewed? Y
URL https://link.springer.com/article/10.1007/s10824-021-09406-7
DOI https://doi.org/10.1007/s10824-021-09406-7
Open Access Y
Open Access Link https://link.springer.com/article/10.1007/s10824-021-09406-7

Associations

People
Zednik, Anita (Details)
External
Arana, Jorge (Univesidad de las Palmas de Gran Canaria, Spain)
Throsby, David (Macquarie University, Australia)
Organization
Institute for Markets and Strategy IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5339 Economic analyses (Details)
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