Optimally Locating a National Public Facility: An Empirical Application of Consumer Surplus Theory
This paper provides an empirical framework for testing a welfare change measure by considering the following problem: a public agency is faced with the decision of how to maximize public welfare from optimally locating a large-scale national recreational facility. Using a case study of the National...
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| Veröffentlicht in: | Economic geography 1985-04, Vol.61 (2), p.172-180 |
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| container_title | Economic geography |
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| creator | Swaney, James A. Ward, Frank A. |
| description | This paper provides an empirical framework for testing a welfare change measure by considering the following problem: a public agency is faced with the decision of how to maximize public welfare from optimally locating a large-scale national recreational facility. Using a case study of the National Air Museum in Dayton, Ohio, the travel cost method is employed to measure: (1) the national welfare from the existing recreation site; and (2) the gain in welfare associated with constructing a substitute facility at a location of the agency's choice. Findings suggest that if site visitation data can be found which exhibits significant price and visitation variation, a site demand function can be efficiently estimated, providing the basis for national welfare measurement from alternative site locations. Findings also suggest significant equity implications of a national site location decision. |
| doi_str_mv | 10.2307/143871 |
| format | Article |
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Using a case study of the National Air Museum in Dayton, Ohio, the travel cost method is employed to measure: (1) the national welfare from the existing recreation site; and (2) the gain in welfare associated with constructing a substitute facility at a location of the agency's choice. Findings suggest that if site visitation data can be found which exhibits significant price and visitation variation, a site demand function can be efficiently estimated, providing the basis for national welfare measurement from alternative site locations. 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Using a case study of the National Air Museum in Dayton, Ohio, the travel cost method is employed to measure: (1) the national welfare from the existing recreation site; and (2) the gain in welfare associated with constructing a substitute facility at a location of the agency's choice. Findings suggest that if site visitation data can be found which exhibits significant price and visitation variation, a site demand function can be efficiently estimated, providing the basis for national welfare measurement from alternative site locations. Findings also suggest significant equity implications of a national site location decision.</abstract><cop>Worcester, Mass</cop><pub>Routledge</pub><doi>10.2307/143871</doi><tpages>9</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0013-0095 |
| ispartof | Economic geography, 1985-04, Vol.61 (2), p.172-180 |
| issn | 0013-0095 1944-8287 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_60956837 |
| source | Jstor Complete Legacy; Worldwide Political Science Abstracts; Periodicals Index Online |
| subjects | Consumer surplus DECISION-MAKING AND GAME THEORY Demand Economic benefits Economic models Geodetic position LAND AND LAND USE Land economics PUBLIC ADMINISTRATION Recreation Recreation demand Travel expenses Travel time UNITED STATES, 1945 TO PRESENT |
| title | Optimally Locating a National Public Facility: An Empirical Application of Consumer Surplus Theory |
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