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Lookup NU author(s): Emeritus Professor Ken Willis
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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.
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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