... developed a hedonic pricing model to estimate the Colosseum’s indirect use value for residents is about 0.4 EUR/bn. Using a contingent valuation method, we estimated the total existence value of the Colosseum at an asset value of 76 EUR/bn. Originality/value We propose a broader economic analysis able...

...Dousa Daneshdoust Purpose – Considering built heritage as public goods demands a lot of planning as usually historic sites and monuments are administrated by governments. The purpose of this paper is to propose and apply contingent valuation method (CVM) for the value assessment of historic sites...