Studies from University of Salento Add New Findings in the Area of Cultural Economics (Cultural Heritage and Natural Disasters: the Insurance Choice of the Italian Cathedrals)

2020 OCT 30 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Investigators publish new report on Economics - Cultural Economics. According to news reporting originating from Lecce, Italy, by NewsRx correspondents, research stated, “Given the threat of natural disasters to Cultural Heritage, this paper aims to investigate how the use of the insurance instrument contributes to the definition of an adequate risk management strategy.”

Financial support for this research came from Universita del Salento within the CRUI-CARE Agreement.

Our news editors obtained a quote from the research from the University of Salento, “The analysis focuses on the role that insurance can play both by supplying policies covering damage and proactively stimulating prevention behaviors, taking into consideration information imperfections (i.e., adverse selection, moral hazard and charity hazard). Through a survey among Italian Dioceses, data about the diffusion of insurance contracts were collected together with other qualitative and quantitative elements linked to the decisional process of insuring Italian Cathedrals.”

According to the news editors, the research concluded: “The empirical analysis shows that the administrators of the Dioceses are aware of the economic value of the cultural assets and in safeguarding the Cathedrals they identify in the insurance system a useful and efficient risk management instrument.”

This research has been peer-reviewed.

For more information on this research see: Cultural Heritage and Natural Disasters: the Insurance Choice of the Italian Cathedrals. Journal of Cultural Economics, 2020. Journal of Cultural Economics can be contacted at: Springer, Van Godewijckstraat 30, 3311 Gz Dordrecht, Netherlands. (Springer - www.springer.com; Journal of Cultural Economics - http://www.springerlink.com/content/0885-2545/)

The news editors report that additional information may be obtained by contacting Donatella Porrini, University of Salento, Dipartimento Sci Econ, Ecotekne Via Monteroni, I-73100 Lecce, Italy.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s10824-020-09397-x. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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