What Is Historic Integrity Worth to the General Public? Evidence from a Proposed Relocation of a West Virginia Agricultural Mill

Vishakha Maskey, Cheryl Brown, Alan R. Collins and Hala F. Nassar

Agricultural and Resource Economics Review, 2007, vol. 36, issue 1

Abstract: While historians believe that preserving a historic building in its original location is important to maintain its historic integrity, the general public’s opinion is unknown. Survey data were gathered from local residents regarding a proposed relocation of a historic mill in rural West Virginia. Only a minority of the sample population supported preserving the mill at its original location. Willingness to pay for preservation was estimated at $8.45 for a one-time donation for the sample and $2.29 after adjusting for non-respondents using characteristics of the local population.

Keywords: contingent valuation; historic preservation; Tobit model; willingness to pay; Demand and Price Analysis; Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 2007
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Persistent link: http://EconPapers.repec.org/RePEc:ags:arerjl:10165

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