Compensation for elimination: an innovative technique for evaluating the monetary value of cultural heritage sites

Ran Ben-Malka, Yaniv Poria

Research output: Contribution to journalComment/debate

Abstract

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.

Original languageEnglish
Pages (from-to)228-231
Number of pages4
JournalJournal of Heritage Tourism
Volume15
Issue number2
DOIs
StatePublished - 3 Mar 2020

Keywords

  • CFE
  • Economic valuation method
  • WTA
  • cultural heritage site

ASJC Scopus subject areas

  • History
  • Tourism, Leisure and Hospitality Management

Fingerprint

Dive into the research topics of 'Compensation for elimination: an innovative technique for evaluating the monetary value of cultural heritage sites'. Together they form a unique fingerprint.

Cite this