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Optimal Management of Ecotourism

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  • A. Mananyi

    (The Business School, University of North London, Stapleton House, 277-281 Holloway Road, London N7 8HN, UK)

Abstract

The ‘sustainability’ debate strongly suggests that the viability of ecotourism is in danger unless policies which promote the natural resource base are pursued. This paper considers the sustainability of ecotourism in the particular context of wildlife amenities, using dynamic analysis. It is well known that in the presence of externalities the competitive market equilibrium is suboptimal. Static and dynamic optimal tax policies are derived which are designed to decentralize the social optimum; thereby internalizing the externalities and guaranteeing the sustainability of both the wildlife species and tourism. In particular, the dynamic policy suggests that park authorities should increase taxes as the wildlife stock increases.

Suggested Citation

  • A. Mananyi, 1998. "Optimal Management of Ecotourism," Tourism Economics, , vol. 4(2), pages 147-169, June.
    • Handle: RePEc:sae:toueco:v:4:y:1998:i:2:p:147-169
    DOI: 10.1177/135481669800400203
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    Cited by:

    1. Eugenio-Martin, Juan L., 2011. "Assessing social carrying capacity of tourism destinations with random utility models/Evaluación de la capacidad de carga social de los destinos turísticos con modelos de utilidad aleatoria," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 29, pages 881-902, Diciembre.
    2. Ke Chen & Yujian Ping & Xinning Pan & Mingzhu Ye & Yang Wang, 2024. "Does Ecotourism in Nature Reserves Have an Impact on Farmers’ Income? Counterfactual Estimates Based on Propensity Score Matching," Agriculture, MDPI, vol. 14(4), pages 1-18, April.

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