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Market Failures and the Rationale for National Parks

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  • Robert W. Turner

Abstract

America's national park system is widely admired, but the economic rationale for national parks is not compelling. The author discusses how market failures of various kinds can, in principle, be used to justify national parks. The best rationale for national parks is based on existence or nonuse values rather than on their recreational aspects. The author also shows that more evidence, especially regarding the costs of providing and operating parks and the magnitude of nonuse values, needs to be gathered before the case for national parks becomes compelling. Although this evidence will be difficult to obtain, it is hard to give an economic rationale for national parks without it.

Suggested Citation

  • Robert W. Turner, 2002. "Market Failures and the Rationale for National Parks," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(4), pages 347-356, December.
  • Handle: RePEc:taf:jeduce:v:33:y:2002:i:4:p:347-356
    DOI: 10.1080/00220480209595332
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    File URL: http://hdl.handle.net/10.1080/00220480209595332
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    Citations

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    Cited by:

    1. Turner, Robert & Willmarth, Blake, 2014. "Valuation of Cultural and Natural Resources in North Cascades National Park: Results from a Tournament-Style Contingent Choice Survey," Working Papers 2014-01, Department of Economics, Colgate University, revised 23 Jan 2014.
    2. Robert Turner, 2013. "Using contingent choice surveys to inform national park management," Journal of Environmental Studies and Sciences, Springer;Association of Environmental Studies and Sciences, vol. 3(2), pages 120-138, June.
    3. repec:ebl:ecbull:v:17:y:2005:i:7:p:1-15 is not listed on IDEAS
    4. Lee, Peter & Cassells, Sue M. & Holland, John, 2013. "The Non-Market Value of Abel Tasman National Park, New Zealand: A Choice Modelling Application," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152163, Australian Agricultural and Resource Economics Society.
    5. Robert W. Turner & Laura Noddin & Alita Giuda, 2005. "Estimating nonuse values using conjoint analysis," Economics Bulletin, AccessEcon, vol. 17(7), pages 1-15.
    6. Willmarth, Blake & Turner, Robert, 2010. "Respondent Consistency in a Tournament-Style Contingent Choice Survey," Working Papers 2010-05, Department of Economics, Colgate University.

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