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Game Theory, Tourism and Land Ethics

Author

Listed:
  • Dennis A. Kopf

    (Marketing Department, University of Wisconsin-Whitewater, Whitewater, WI 53190, USA)

  • Maxwell K. Hsu

    (Marketing Department, University of Wisconsin-Whitewater, Whitewater, WI 53190, USA)

Abstract

This paper combines game theory with Land Ethics to demonstrate a path forward for sustainable development. Our findings indicate that two likely equilibria can be reached. One equilibrium focuses on high short-term profits, but with ecological damage leading to less cumulative profits. The second equilibrium requires ecological maintenance costs (thus less short-term profits) yet yields greater cumulative profits. The comparison of the two equilibria and using the historical perspective of the Wisconsin Dells demonstrates how communities that embrace a Land Ethic can reach the equilibrium that produces greater long-term benefits.

Suggested Citation

  • Dennis A. Kopf & Maxwell K. Hsu, 2021. "Game Theory, Tourism and Land Ethics," Sustainability, MDPI, vol. 13(15), pages 1-13, July.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:15:p:8515-:d:604943
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    References listed on IDEAS

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    1. Leah V. Gibbons & Scott A. Cloutier & Paul J. Coseo & Ahmed Barakat, 2018. "Regenerative Development as an Integrative Paradigm and Methodology for Landscape Sustainability," Sustainability, MDPI, vol. 10(6), pages 1-20, June.
    2. Henning Breuer & Florian Lüdeke-Freund, 2017. "Values-Based Network And Business Model Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 1-35, April.
    3. Leah V. Gibbons, 2020. "Regenerative—The New Sustainable?," Sustainability, MDPI, vol. 12(13), pages 1-18, July.
    4. Takis Ap. Kapsalis & Vasilis C. Kapsalis, 2020. "Sustainable Development and Its Dependence on Local Community Behavior," Sustainability, MDPI, vol. 12(8), pages 1-13, April.
    5. Paul Shrivastava & Günter Schumacher & David Wasieleski & Marko Tasic, 2017. "Aesthetic Rationality in Organizations: Toward Developing a Sensibility for Sustainibility," Post-Print hal-01515126, HAL.
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    Cited by:

    1. Zhifa Jiang & Qiang Li & Wei Gao & Huiyue Su & Yuansuo Zhang, 2023. "Interest Equilibrium and Path Choice in the Development of Construction Land Decrement: A Theoretical Analysis Based on the Multi-Agent Game Model," Sustainability, MDPI, vol. 15(6), pages 1-18, March.

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