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Valuing damage and losses in cultural assets after a disaster: concept paper and research options

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  • Vecvagars, Kaspars
Abstract
This paper is a first conceptual discussion and proposal to formalize the inclusion of the valuation of cultural assets after a disaster. Over the last recent years ECLAC has, in several instances, attempted at valuating cultural assets damage and losses as incurred in the wake of disasters. The paper discusses first the existing debate on the valuation of cultural goods and services, describes the characteristics of cultural assets and their market and non-market values. It proceeds then to describe some valuation methods that have been applied to cultural assets in other contexts, including the quasi-valuation method, and describes the process of damage assessment. It concludes by summarizing the possibility of applying one or several of these methods as part of the well established ECLAC disaster impact assessment methodology1 and advances some recommendations and areas for turture research. The paper also includes an example of application of contingent valuation method in a particular case (Fes Medina in Morocco).

Suggested Citation

  • Vecvagars, Kaspars, 2006. "Valuing damage and losses in cultural assets after a disaster: concept paper and research options," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4979, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col031:4979
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/4979
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    References listed on IDEAS

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    7. repec:pri:cpanda:wp20%20-%20guetzkow is not listed on IDEAS
    8. Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
    9. Nick Hanley & Robert Wright & Vic Adamowicz, 1998. "Using Choice Experiments to Value the Environment," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 11(3), pages 413-428, April.
    10. Ståle Navrud & Richard C. Ready (ed.), 2002. "Valuing Cultural Heritage," Books, Edward Elgar Publishing, number 1759.
    11. Deborah Ann Ford, 1989. "The Effect of Historic District Designation on Single‐Family Home Prices," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(3), pages 353-362, September.
    12. Michael Hutter & Ilde Rizzo (ed.), 1997. "Economic Perspectives on Cultural Heritage," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25824-6, December.
    13. -, 2003. "Handbook for estimating the socio-economic and environmental effects of disasters," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2782 edited by Eclac.
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    Cited by:

    1. Zoran Vojinovic & Michael Hammond & Daria Golub & Sianee Hirunsalee & Sutat Weesakul & Vorawit Meesuk & Neiler Medina & Arlex Sanchez & Sisira Kumara & Michael Abbott, 2016. "Holistic approach to flood risk assessment in areas with cultural heritage: a practical application in Ayutthaya, Thailand," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(1), pages 589-616, March.
    2. -, 2014. "Handbook for disaster assessment," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 36823 edited by Eclac.
    3. Zoran Vojinovic & Michael Hammond & Daria Golub & Sianee Hirunsalee & Sutat Weesakul & Vorawit Meesuk & Neiler Medina & Arlex Sanchez & Sisira Kumara & Michael Abbott, 2016. "Holistic approach to flood risk assessment in areas with cultural heritage: a practical application in Ayutthaya, Thailand," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 81(1), pages 589-616, March.

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