Heritage and Merit Wants: An Enquiry Through the Real Estate Prices

Amedeo Di Maio and Elina De Simone ()

Economia dei Servizi, 2010, issue 1, 15-28

Abstract: In this paper we study the Musgravian notion of community value, related to the extent and the worthiness of the cultural heritage located in the historical centers of Italian chief towns. Our aim is to detect the existence of this value through quantitative data, considered the well-known difficulties in finding mechanisms of collective decisions in frameworks that are not paternalist, but democratic. More in detail, we believe that a relevant and not-generic community value, representing the identity symbolized by the cultural heritage, is supposable only if the differential between the market prices of the historical centers' real estates and those of other urban areas is positive. The conclusions, drawn from the apparent relation between the community value and the socio-economic conditions of cities, are about the characteristics of good government policies.

Keywords: publicly provided goods; urban economics; government policy (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.rivisteweb.it/download/article/10.2382/32696 (application/pdf)
https://www.rivisteweb.it/doi/10.2382/32696 (text/html)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mul:j1t56u:doi:10.2382/32696:y:2010:i:1:p:15-28

Access Statistics for this article

Economia dei Servizi is currently edited by Fabio Gobbo

More articles in Economia dei Servizi from Società editrice il Mulino
Bibliographic data for series maintained by ().