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

Ran Ben-Malka; Yaniv Poria

doi:10.1080/1743873X.2019.1619746

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

Ran Ben-Malka, Yaniv Poria

Department of Tourism and Leisure Management

Ben-Gurion University of the Negev

Research output: Contribution to journal › Comment/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 language	American English
Pages (from-to)	228-231
Number of pages	4
Journal	Journal of Heritage Tourism
Volume	15
Issue number	2
DOIs	https://doi.org/10.1080/1743873X.2019.1619746
State	Published - 3 Mar 2020

Keywords

CFE
Economic valuation method
WTA
cultural heritage site

All Science Journal Classification (ASJC) codes

History
Tourism, Leisure and Hospitality Management

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/1743873X.2019.1619746

Cite this

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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.",

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AU - Poria, Yaniv

PY - 2020/3/3

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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

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DO - 10.1080/1743873X.2019.1619746

M3 - Comment/debate

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VL - 15

SP - 228

EP - 231

JO - Journal of Heritage Tourism

JF - Journal of Heritage Tourism

IS - 2

ER -

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

Abstract

Keywords

All Science Journal Classification (ASJC) codes

UN SDGs

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