TY - JOUR
T1 - Compensation for elimination
T2 - an innovative technique for evaluating the monetary value of cultural heritage sites
AU - Ben-Malka, Ran
AU - Poria, Yaniv
N1 - Publisher Copyright:
© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.
PY - 2020/3/3
Y1 - 2020/3/3
N2 - To assess the efficiency of funding policies, governments study the economic value of cultural heritage sites. Because of their unique nature, an innovative evaluative tool is proposed here–CFE–compensation for elimination–rather than the commonly used willingness to pay (WTP) or the travel cost method (TCM). CFE, based on the familiar willingness to accept (WTA), should be adopted to better reflect the non-use values attached, even unconsciously, to cultural heritage sites.
AB - To assess the efficiency of funding policies, governments study the economic value of cultural heritage sites. Because of their unique nature, an innovative evaluative tool is proposed here–CFE–compensation for elimination–rather than the commonly used willingness to pay (WTP) or the travel cost method (TCM). CFE, based on the familiar willingness to accept (WTA), should be adopted to better reflect the non-use values attached, even unconsciously, to cultural heritage sites.
KW - CFE
KW - Economic valuation method
KW - WTA
KW - cultural heritage site
UR - http://www.scopus.com/inward/record.url?scp=85067643289&partnerID=8YFLogxK
U2 - 10.1080/1743873X.2019.1619746
DO - 10.1080/1743873X.2019.1619746
M3 - Comment/debate
AN - SCOPUS:85067643289
SN - 1743-873X
VL - 15
SP - 228
EP - 231
JO - Journal of Heritage Tourism
JF - Journal of Heritage Tourism
IS - 2
ER -
