Cultural Heritage

Bruno Frey

Chapter Chapter 12 in Economics of Art and Culture, 2019, pp 97-102 from Springer

Abstract: Abstract Cultural heritage is composed of built, moveable, intangible, and natural objects. Only a small proportion of their benefits are reflected in monetary form, but these are positive externalities. Not everything can be preserved, because this would block the further development of cities and regions. Many heritage goods have the property of a public good; people not paying a fee cannot be excluded from consumption. If the measured total benefits are superior to the total cost involved in keeping up a heritage object, a society is better off preserving it.

Keywords: Built heritage; Moveable heritage; Intangible heritage; Natural heritage; Preservation; Public good; World Heritage Sites; Historical centres; Use values; Non-use values; Government intervention (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1007/978-3-030-15748-7_12

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