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Pricing public parks

Lookup NU author(s): Emeritus Professor Ken Willis

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Abstract

Admission prices are typically charged for entry to archaeological sites, museums and historic buildings, although rarely to public parks. This study explores the feasibility of introducing an entry charge to a public park in Naples, the Bosco di Capodimonte. It investigates different pricing options: a revenue-maximizing price, a discriminatory price to deal with equity, a 'sufficing' price to cover maintenance costs and a welfare economic social optimal price. The analysis documents the effect of different entry charges on visit numbers and revenue collected, and includes a cost-benefit analysis of the admission price policy. Total consumer surplus is also calculated for the different entry price scenarios.


Publication metadata

Author(s): Willis KG

Publication type: Article

Publication status: Published

Journal: Journal of Environmental Planning and Management

Year: 2003

Volume: 46

Issue: 1

Pages: 3-17

Print publication date: 01/01/2003

ISSN (print): 0964-0568

ISSN (electronic): 1360-0559

Publisher: Routledge

URL: http://dx.doi.org/10.1080/713676701

DOI: 10.1080/713676701


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