Private Parks and Walkways Under Free Enterprise: A Geographical Economic Analysis

Ethics, Place & Environment: A Journal of Philosophy and Geography, Vol. 8, No. 2, June 2005

10 Pages Posted: 23 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Matthew Block

affiliation not provided to SSRN

Date Written: July 21, 2011

Abstract

This paper attempts to answer the question of whether or not government is needed to build walkways near bodies of water such as rivers and lakes, or whether private enterprise can supply such needs. In it we argue that the market is indeed capable of instituting such amenities, despite the fact that there are either none such or at most very precious few in existence at the present time. This occurrence is explained on the grounds that government has preempted the market that would otherwise have taken place in this regard. We also claim that the likelihood of private walkways being built is proportional to the population density of the surrounding habitat, on the grounds that privacy in densely populated regions is already compromised, and thus the costs of such walkways is lowered.

Suggested Citation

Block, Walter E. and Block, Matthew, Private Parks and Walkways Under Free Enterprise: A Geographical Economic Analysis (July 21, 2011). Ethics, Place & Environment: A Journal of Philosophy and Geography, Vol. 8, No. 2, June 2005. Available at SSRN: https://ssrn.com/abstract=1892378

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Matthew Block

affiliation not provided to SSRN ( email )

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