Client: English Heritage

Year: 2014

eftec Team: Ece Ozdemiroglu, Silvia Ferrini, Angela Doku, Erin Gianferrara

Service Area: Economic Valuation   

Location: UK

Full Report: Economic Valuation of Heritage

About the project

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.