The valuation of historical sites: a case study of Valdivia, Chile
| Autor: | Andrea Báez Montenegro, Mario Niklitschek Huaquin, Luis César Herrero Prieto |
|---|---|
| Rok vydání: | 2008 |
| Předmět: |
Fluid Flow and Transfer Processes
Contingent valuation Actuarial science Geography Planning and Development Heritage tourism Management Monitoring Policy and Law Cultural tourism Cultural economics Cultural heritage Economic evaluation Economics City centre General Environmental Science Water Science and Technology Valuation (finance) |
| Zdroj: | Journal of Environmental Planning and Management. 52:97-109 |
| ISSN: | 1360-0559 0964-0568 |
| DOI: | 10.1080/09640560802504696 |
| Popis: | The economic valuation of cultural heritage is an area of increasing interest and an important research topic in the emerging field of cultural economics. Many services and values associated with cultural heritage are not traded in markets, and their estimation requires methods developed for the valuation of non-market goods, such as those used in environmental economics. This paper applies the contingent valuation method with double dichotomous choice to estimate the value of historical sites in the city of Valdivia, Chile. The valuation exercise was implemented by designing a hypothetical guided walking tour to a cluster of historical sites in the city centre, and surveying tourists visiting the city during the summer of 2004. Parametric and non-parametric statistical methods were used to estimate the survival distribution and the mean and median estimates of the willingness-to-pay (WTP). The study emphasizes the importance of explicitly treating heterogeneous preferences and the sensitivity of the surv... |
| Databáze: | OpenAIRE |
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