Making world heritage truly global: the culture certificate scheme

Bruno S. Frey () and Paolo Pamini

No iewwp419, IEW - Working Papers from Institute for Empirical Research in Economics - IEW

Abstract: Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a tradable Certificate. Countries and private firms are induced to seek sites where financial resources can be spent most productively. This leads to an efficient allocation of resources to preserve World Heritage.

Keywords: Global public good; World Heritage; Cultural Certificates; Monuments; UNESCO (search for similar items in EconPapers)
JEL-codes: Z11 D6 F5 H87 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul and nep-tur
Date: 2009-06
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Related works:
Working Paper: Making World Heritage Truly Global: The Culture Certificate Scheme (2009)
Working Paper: Making World Heritage Truly Global: The Culture Certificate Scheme (2009)
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Persistent link: http://EconPapers.repec.org/RePEc:zur:iewwpx:419

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