A study on the method of measuring the economic value in historical heritages using CVM and Revealed Preference

Abstract

The purpose of this study is to evaluate the total economic value of the historical heritages. For the improvement of the reliability on the evaluation, we combine Contingent Valuation Method (CVM) with Revealed Preference (RP). We estimated the ratio of the total value to the direct use value of the historical heritages using CVM. And we calculate the total value using the ratio and the direct use value that we estimate by travel cost method.