Valuing damage to historic buildings using a contingent market: a case study of road traffic externalities
- 1 January 1994
- journal article
- research article
- Published by Taylor & Francis in Journal of Environmental Planning and Management
- Vol. 37 (3) , 279-287
- https://doi.org/10.1080/09640569408711976
Abstract
Pricing of road transport at social marginal cost should make users aware of the cost of damaging the environment (external costs). Such an approach, however, requires a monetary estimate of this damage which can be difficult to derive. On the basis of a study carried out at Neuchâtel (Switzerland), the contingent valuation method was used to estimate the damage caused to buildings of historical and cultural value by traffic‐caused air pollution. In a survey, individuals were asked to contribute to a fund set up to finance the maintenance of pre‐selected historic buildings. A valuation function to predict willingness‐to‐pay responses is estimated.Keywords
This publication has 1 reference indexed in Scilit:
- An Analysis of TransformationsJournal of the Royal Statistical Society Series B: Statistical Methodology, 1964