The appropriate approach to intellectual property is not abolition but fine-tuning in an effort to increase the gains from intellectual property generally.
The question of heritage preservation is one that stress the importance of the natural and built environment . Here the initial insight that all share to greater or lesser degree is that the benefits (and on some cases burdens) of heritage issues is not fully captured in voluntary exchanges in open markets.
What I hope to do instead is to place the technique of contingent valuation in a large context that deals with the question of valuation more broadly.
Presented at the 1999 conference Toward the Development of a National Cultural Policy Research Agenda.