标题：Approximation of the Value of an Asset Inscribed on the List of Intangible Cultural Heritage of UNESCO: Estimation of a Hedonic Price Model for the Fiesta of the Patios in Cordoba
期刊名称：Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi – Economic Sciences Series
印刷版ISSN：2501-1960
电子版ISSN：2501-3165
出版年度：2019
卷号：66
期号：SI
页码：5-23
DOI：10.2478/saeb-2019-0020
出版社：Sciendo
摘要：The city of Cordoba (Spain) stands out due to the fact that it has different inscriptions both in the List of World Heritage Sites and the List of Intangible Cultural Heritage (LICH) of UNESCO. In 2012 the Fiesta of the Patios was inscribed on the LICH. Currently, this event held during two weeks in May involves visits by the public to traditional dwellings. This event is becoming a magnet for tourists from outside the city and has established itself as a further tourist attraction, with the risk that it may lose part of its authenticity. This paper aims to use the hedonic price methodology to examine the externalities deriving from the “Fiesta” in order to verify whether the possible benefits/disadvantages of its existence are capitalised in real estate prices and quantify these effects. The results indicate that the “Fiesta” constitutes an added value for housing properties.
关键词：UNESCO;Hedonic Pricing Model;Patios of Cordoba.
