Abstract
THIS CHAPTER INVESTIGATES the problems involved in the evaluation of recreational benefits and the methodology which has evolved. Cost-benefit analysis techniques and their applications are also examined and an attempt is made to produce a basis for a realistic approach which is then applied to specific facilities in Nottingham. There are indeed many problems inherent in the quantifying and evaluation of social costs and benefits. The central core of most approaches to the economics of recreation is the distance travelled concept, as the cost of travel to a non-priced facility must give some indication of the value of the use of the resource to the visitor. There is, however, an evident need to refine present techniques.
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Seeley, I.H. (1973). Economics of Outdoor Recreation. In: Outdoor Recreation and the Urban Environment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01815-4_3
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DOI: https://doi.org/10.1007/978-1-349-01815-4_3
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