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The Supply Of National Park Products: A Theoretical And Applied Analysis, Judith Carol Houston

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The central objective of the investigation in this study is to determine a means of attaining an economically efficient combination of resources to maximize the level of services provided by a national park under the conditions of a limited budget, a constrained production possibilities set, and a limited availability of inputs. First, a theoretical model is built which elucidates the collective and private good natures of national park products. The theory identifies the optimality criteria for the provision of park products in a system of limited resources. It is noted, however, that the theoretically determined optimal solution cannot be expected …