Provision cost
Early studies by suppliers of the benefits derived from leisure resources considered that their provision expenditure could be taken as a measure of the value of such resources. While such expenditure may reflect society’s willingness to pay for amenity and environmental goods, the approach is patently illogical. Providers, by merely spending more on such projects, can claim that they have greater value. This strategy might be adopted to achieve the objectives of the providing organization. It is very unlikely that valuation undertaken on this basis will correspond to that which would be stated or revealed by consumers and, as with the opportunity cost and replacement cost methods, it would certainly not measure TEV.