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Title: Recreation benefits and displaced facilities

Journal Article · · J. Leis. Res.; (United States)
OSTI ID:6423426

A new recreation site or improvement of an existing site results in an increase in demand for that site perhaps at the expense of substitute facilities. A brief literature review indicates differing views on how benefits from displaced facilities should be treated. I demonstrate that benefits of a new recreation facility can be measured as the change in consumers' surplus at the affected site and that benefits forgone at substitute sites can be ignored. However, if a change in demand for one site causes other prices to change, the net change in benefits is the sum of the increment in consumer's surplus in each affected market.

Research Organization:
Los Alamos National Lab., NM
OSTI ID:
6423426
Journal Information:
J. Leis. Res.; (United States), Vol. 14:3
Country of Publication:
United States
Language:
English