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The Economics of Historic Preservation
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Published September 2005
Author Randall Mason
Source The Brookings Institution Metropolitan Policy Program
URL Click here to download the full document
PDF: 75 pages, 567 kbytes

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The methods of determining the value of historic preservation vary widely, and several challenges persist in applying economic methods to the field. This discussion paper, which is followed with an extensive and annotated bibliography, reviews the current findings on the value of historic preservation and the methods used to assess that value, making the case for needed improvement if the economics of preservation is to more objectively and rigorously quantify the effects of historic preservation.

Toward that end, the paper calls for a hybrid of the most promising analytical methods and more collaboration across research fields.

   
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