Monday, July 29, 2013

Travel Cost Study: Lake Nakuru National Park, Kenya

I was interested to see a working paper on pricing Lake Nakuru National Park, which I recently visited.  They find that the revenue maximizing price for foreign visitors is $1500 compared to a fee of $75 currently. It is hard to imagine it could be this high given the existence of substitutes, though obviously some foreign visitors would be able to pay it. For comparison our whole trip for four days to Lake Nakuru and Maasai Mara cost less per person than than this suggested entrance fee for one day at one national park.

No comments:

Post a Comment