The authors use time-series, cross-section, and panel data sets to see whether U.S. National Park System operating budget appropriations are related to inflation, visitation, size, region of the country, and type of park unit. The growth rate of the aggregate National Park Service (NPS) budget...

This paper uses the theory of club goods to derive efficiency conditions for managing multiple activities in a national park. The park jointly provides recreational activities for visitors and wilderness, a pure public good. The implications for user fees, self-financing of the park, and...

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...

Conjoint analysis is a stated-preference technique for eliciting valuations of nonmarket, multi-attribute commodities. Recently it has begun to be used in environmental economics as an alternative to contingent valuation. In applications to environmental economics, though, conjoint analysis has...

Addresses the effect on revenue of taxing fringe benefits. Asks whether taxing fringe benefits would lead to a dramatic decrease in the share of compensation paid in the form of fringes and whether the level of total compensation is affected by the tax free status of fringe benefits.

Attempts to get direct evidence of the importance of tax factors in firms' dividend payout decisions and to distinguish between competing theories of how taxes affect dividends.

Conjoint analysis is a stated-preference technique for eliciting valuations of nonmarket, multi-attribute commodities. Recently it has begun to be used in environmental economics as an alternative to contingent valuation. In applications to environmental economics, though, conjoint analysis has...

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...