Pricing Public Parks

K. G. Willis

Journal of Environmental Planning and Management, 2003, vol. 46, issue 1, 3-17

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.

Date: 2003
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Citations: View citations in EconPapers (10)

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DOI: 10.1080/713676701

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