Kernel vs. Logit Modeling of Single Bounded CV Responses: Valuing Access to Architectural and Visual Arts Heritage in Italy

Scarpa, Raffaele; Sirchia, Gemma; Bravi, Marina

doi:10.1007/978-1-4615-5741-8_12

“…In addition, we assume that individuals are driven by a Bayesian updating mechanism and estimate WTP regression models that include variables capturing respondent prior beliefs about 2 See Navrud and Ready, 2002, and the 2003 special issue of the Journal of Cultural Economics on valuing cultural monuments. For example, CV has been used to value heritage improvements at holiday destinations (Signorello and Cuccia, 2002;Whitehead and Finney, 2003), visits and preservation of archaeological sites (Beltrán and Rojas, 1996;EFTEC, 1999;Signorello, 2000, 2002;Riganti and Willis, 2002), congestion and traffic scheme improvements at cultural monuments sites (Brown and Mourato, 2002;Maddison and Mourato, 2002;Scarpa et al, 1997;Willis, 1994), conservation of museums collections (Brown, 2004), preservation of historic buildings (Chambers et al, 1998;Garrod et al, 1996;Del Saz Salazaar and Marques, 2005;Grosclaude and Soguel, 1994;Kling et al, 2004;Pollicino and Maddison, 2004;Powe and Willis, 1996), preservation of religious buildings Pollicino and Maddison, 2002;Navrud and Strand, 2002), arts festivals (Snowball, 2005). Noonan (2003) and EFTEC (2005) summarize the empirical literature on contingent valuation of cultural monuments.…”

Section: Introductionmentioning

confidence: 41%

Valuing the Cultural Monuments of Armenia: Bayesian Updating of Prior Beliefs in Contingent Valuation

Alberini

¹

,

Longo

²

2007

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Valuing the Cultural Monuments of Armenia: Bayesian Updating of Prior Beliefs in Contingent Valuation SummaryWe use contingent valuation to place a value on the conservation of built cultural heritage sites in Armenia. When we present the hypothetical scenario in the questionnaire we spell out what would happen to the monuments in the absence of the government conservation program. We posit that respondents combine such information with their own prior beliefs, which the questionnaire also elicits, and that the WTP for the good or program is likely to be affected by these updated beliefs. We propose a Bayesian updating model of prior beliefs, and empirically implement it using the data from our survey. We find that uncertainty about what would happen to the monument in the absence of the program results in lower WTP amounts.

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“…Z is a vector of individual characteristics. 7 place a monetary value on programs for the preservation and restoration of specific urban buildings with historical and cultural significance, such as churches, museums, theaters, and marble monuments (Navrud et al, 1992;Grosclaude and Soguel, 1994;Willis, 1994;Hansen, 1997;Scarpa et al 1998;Riganti and Scarpa, 1998;Whitehead et al 1998;Santagata and Signorello, 2000;Pollicino and Maddison, 2001;Morey et al 2001). These studies specify a (hypothetical) level of conservation or restoration for the building or monument under consideration and elicit the respondent's WTP for it, recruiting respondents among residents of the area (Pollicino and Maddison, 2001) and/or visitors to the site (Riganti and Scarpa, 1998).…”

mentioning

confidence: 43%

Can People Value the Aesthetic and Use Services of Urban Sites? Evidence from a Survey of Belfast Residents

Alberini

¹

,

Riganti

²

,

Longo

³

2002

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The opinions expressed in this paper do not necessarily reflect the position of Fondazione Eni Enrico Mattei Terms of use: Documents in EconStor may Can People Value the Aesthetic and Use Services of Urban Sites? Evidence from a Survey of Belfast Residents SummaryThis study explores the potential of conjoint choice analysis for planning decisions in urban sites. We elicit people's preferences for regeneration projects that change the aesthetic and use character of specified urban sites. We focus on two sets of regeneration projects. The first set entails hypothetical transformations of an actual square with an important cultural and historical dimension. The other set of projects consists of hypothetical transformations of an abstract square. Each regeneration project is defined by aesthetic and use attributes. Our results suggest that people behaved in a way that is consistent with the Random Utility Model for the abstract square, and that there are both similarities and differences between preferences for the actual and the abstract square. Keywords IntroductionWhen planning decisions have to be made about urban areas, and about projects for the regeneration and reuse of existing sites and public spaces in urban areas, economists would suggest that at least some consideration be given to the costs and the benefits associated with these projects.It is, however, sometimes difficult to compute the monetary benefits of urban regeneratio n and restoration projects, because many of the services that they provide to the public -including aesthetic quality, comfort, sense of neighborhood identity, town character, preservation of cultural and historical heritage, access to outdoor space-are non-market goods. Lacking markets where these services are traded, economists have devised a number of methods to place a monetary value on them.Contingent valuation is one such method. The contingent valuation approach (see Mitchell and Carson, 1989) surveys individuals, asking them directly to report their willingness to pay (WTP) for a specified (change in the provision of a) public or private good. Conjoint analysis is a variant of contingent valuation where respondents are asked to rate, rank, or choos e between hypothetical public programs or commodities described by a set of attributes (see Hanley et al. 2001). Respondents trade off the attributes of the programs or goods, one of which is usually its cost to the respondent. Recent high-quality valuation efforts based ...

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“…Moreover, CV has been used to value heritage improvements at holiday destinations (Alberini et al, 2005a;Signorello and Cuccia, 2002;Whitehead and Finney, 2003), visits and preservation of archaeological sites (Beltran and Rojas, 1996;EFTEC, 1999;Signorello, 2000, 2002;Riganti and Willis, 2002), congestion and traffic scheme improvements at cultural monuments (Brown and Mourato, 2002;Mourato, 2001, 2002;Scarpa et al, 1997;Willis, 1994), conservation of museum collections (Brown, 2004), preservation of historic buildings (Chambers et al, 1998;Garrod et al, 1996;Del Saz Salazaar and Marques, 2005;Soguel, 1993, 1994;Kling et al, 2004;Pollicino and Maddison, 2004;Powe and Willis, 1996), preservation of religious buildings Longo, 2006a and2006b;Pollicino and Maddison, 2002;Navrud and Strand, 2002), and arts festivals (Snowball, 2005).…”

Section: Review Of the Pros And Cons Of Non-market Economic Techniquessupporting

confidence: 41%

An Approach Towards Holistic Assessment of Socio-Economic Impacts

Royo¹

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This thesis uses the case study of the Fallas festival in the city of Valencia (Spain), to assess the value of intangible cultural heritage. Within this framework the thesis explores a number of different issues: for example how social agents frame different qualities and benefits of cultural heritage in order to describe the value and claims for funding the arts. It finds that value assessment for claiming funds presents many challenges such as: identifying the values of the heritage in question; describing them; and ranking them according to their contribution to the public welfare. It examines the methodological techniques for assessing heritage values and goes on to discuss a number of tools that are, or could be, used for assessment.The thesis also explores how public bodies legitimise cultural funding. It examines the role of non-government arts organisations in supporting the arts. It proposes the analysis of donor decisions through a multi-attribute technique where donors state their importance to donor situations under specific conditions or attributes. Finally, it describes how the stakeholder approach can be applied for searching new ways of funding festivals. It also considers how intangible cultural heritage goods can be assessed within the process of cost-benefit evaluation. It also analyses how public bodies, as the principal supporters of culture, deal with the problem of valuing intangibles on social investments.The study uses the Fallas festival to test the research hypothesis. It uses a number of economic and statistical techniques to evaluate the Fallas Festival, these include Contingent Valuation, Choice Experiment and Descriptive and Multiatribute Statistics. The statistical techniques reveal that historical benefits are intrinsically valuable in the Fallas festival. The historical value that the members of the neighbourhood associations place on the Fallas festival justify that local social agents should support this festival.-3 - ENFOQUE HOLISTICO DE VALORACIÓN DE LOS IMPACTOS SOCIO-ECONÓMICOSLa presente tesis doctoral analiza el caso de las fiestas de Las Fallas en la ciudad de Valencia (España) a fin de valorar el patrimonio cultural intangible. Dentro de este marco se exploran los siguientes aspectos: cómo los agentes sociales atribuyen cualidades y beneficios al patrimonio cultural que justifican su financiación. Se comprueba que la asignación de valor para conseguir financiación presenta varios desafíos tales como: identificar los valores del bien en cuestión; describirlos; y clasificarlos de acuerdo a su contribución al bienestar público. Asimismo, se examina las metodologías y técnicas para la estimación de valores en el patrimonio cultural y aborda los métodos y técnicas disponibles, o posibles, para su estimación.De la misma forma el estudio de investigación explora cómo las instituciones y entes públicos legitimizan la financiación del patrimonio cultural. Se examina el papel de las organizaciones culturales no gubernamentales que financian el patrimonio cultural. Se propone el ...

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Kernel vs. Logit Modeling of Single Bounded CV Responses: Valuing Access to Architectural and Visual Arts Heritage in Italy

Cited by 9 publications

References 15 publications

Valuing the Cultural Monuments of Armenia: Bayesian Updating of Prior Beliefs in Contingent Valuation

Valuing the Cultural Monuments of Armenia: Bayesian Updating of Prior Beliefs in Contingent Valuation

Can People Value the Aesthetic and Use Services of Urban Sites? Evidence from a Survey of Belfast Residents

An Approach Towards Holistic Assessment of Socio-Economic Impacts

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