Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List and how much each nation is to contribute to that...

The paper explores the determinants influencing the nomination and selection of sites in the World Heritage List. Using country panel data and a unique dataset with individual site nominations, we provide evidence that the nomination of heritage sites in the List depends on institutional and...