How to Safeguard World Heritage Sites? A Theoretical Model of 'Cultural Responsibility'

35 Pages Posted: 2 Aug 2014 Last revised: 5 Aug 2014

See all articles by Leonardo Becchetti

Leonardo Becchetti

University of Rome Tor Vergata - Faculty of Economics

Nazaria Solferino

University of Rome Tor Vergata - Faculty of Economics

Maria Elisabetta Tessitore

University of Rome Tor Vergata

Date Written: July 18, 2014

Abstract

We outline a model in which preservation of UNESCO heritage sites is analyzed as a classical global public good problem where the decentralized Nash equilibrium yields suboptimal contribution vis-à-vis the Social Planner equilibrium. The absence of a Global Social Planner and the need of coordination across different countries for the implementation of the second solution make the Social Planner equilibrium hardly attainable. The same problem arises when trying to enforce symmetric or asymmetric tax deductions in different countries. We analyse the contribution that cultural corporate responsibility can give to the solution of the problem discussing its limits and potential vis-à-vis the other two alternatives.

Keywords: Public Goods, Firm Behavior, Cultural Economics

JEL Classification: H41, D21, Z1

Suggested Citation

Becchetti, Leonardo and Solferino, Nazaria and Tessitore, Maria Elisabetta, How to Safeguard World Heritage Sites? A Theoretical Model of 'Cultural Responsibility' (July 18, 2014). CEIS Working Paper No. 318, Available at SSRN: https://ssrn.com/abstract=2468105 or http://dx.doi.org/10.2139/ssrn.2468105

Leonardo Becchetti (Contact Author)

University of Rome Tor Vergata - Faculty of Economics ( email )

Via Columbia, 2
I-00133 Rome
Italy

Nazaria Solferino

University of Rome Tor Vergata - Faculty of Economics ( email )

Via Columbia n.2
Rome, rome 00100
Italy

Maria Elisabetta Tessitore

University of Rome Tor Vergata ( email )

Via di Tor Vergata
Rome, Lazio 00133
Italy

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