Making World Heritage Truly Global: The Culture Certificate Scheme

Institute for Empirical Research in Economics, University of Zurich, Working Paper No. 419

24 Pages Posted: 3 Jul 2009

Multiple version iconThere are 2 versions of this paper

Date Written: May 27, 2009

Abstract

Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the issuance of a tradable Certificate. Countries and private firms are induced to seek sites where financial resources can be spent most productively. This leads to an efficient allocation of resources to preserve World Heritage.

Keywords: global public good, world heritage, cultural certificates, monuments, UNESCO

JEL Classification: Z11, D6, F5, H87

Suggested Citation

Frey, Bruno S. and Pamini, Paolo, Making World Heritage Truly Global: The Culture Certificate Scheme (May 27, 2009). Institute for Empirical Research in Economics, University of Zurich, Working Paper No. 419. Available at SSRN: https://ssrn.com/abstract=1427793 or http://dx.doi.org/10.2139/ssrn.1427793

Bruno S. Frey (Contact Author)

CREMA ( email )

Südstrasse 11
Zurich, CH 8008
Switzerland
+41 44 380 00 78 (Phone)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

Paolo Pamini

ETH Zurich ( email )

ETH-Zentrum HG E62.2
Zurich, CH-8092
Switzerland
+41 44 632 7865 (Phone)

HOME PAGE: http://www.ip.ethz.ch/people/pamini

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