Valuation - Economic Valuation of Heritage


For English Heritage, 2014:  eftec undertook this research to generate economic valuation evidence for the heritage benefits provided by two English Heritage sites by using the total economic value approach.  A stated preference method (i.e. contingent valuation) was used to determine English Heritage site visitors’ willingness to pay for English Heritage sites. The results were also used to create a ‘value transfer equation’ so that the results can be used in value transfer exercises. 

The published report can be found here and the executive summary here.