Elgar original reference
Edited by Ilde Rizzo and Anna Mignosa
Chapter 24: Performance of cultural heritage institutions
The promotion, defence and conservation of cultural heritage are the aims of a wide number of institutions, both private and public that directly, or indirectly are managing increasing human, economic and financial resources. As we will see below, cultural heritage institutions are predominantly not market oriented, and the public sector is their main source of financing. They are often beyond the control of the market, which imposes efficient behaviour when competitive. Therefore, their internal logic does not ensure economic efficiency. However, achieving the best performance is crucial because public resources are limited nowadays and have a rising opportunity cost. Looking for the best performance, and if possible, discovering new ways to improve it, is an optimal strategy both for the financing and the operational institutions. The goal of this chapter is to analyse how the performance of these institutions can be evaluated, not to measure the different values associated with cultural heritage (see Throsby, 2001). We need to begin by defining the output of these institutions, i.e. those components of cultural heritage that can be measured and can be objects of efficiency analysis. The answer to these questions will determine what institutions can be evaluated because what is good (or bad) performance is not independent of the nature and objectives of the institutions involved.
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