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Pricing and Management of Recreational Activities Which Use Natural Resources

  • Hugh Sibly

    ()

This paper analyses the economic efficiency ofmanagement regimes for the recreational use of anatural resource. Management must determine the useand development of the natural resource. Thefirst-best policy uses price to offset theexternalities of crowding and deterioration. This iscontrasted with two second-best polices which do notuse pricing: unrestricted access and quotas. Acondition under which a relaxation of quota levelincreases efficiency is derived. Under iso-elasticfunctional forms quotas are less efficient thanunrestricted access. Copyright Kluwer Academic Publishers 2001

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File URL: http://hdl.handle.net/10.1023/A:1011165132180
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Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 18 (2001)
Issue (Month): 3 (March)
Pages: 339-354

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Handle: RePEc:kap:enreec:v:18:y:2001:i:3:p:339-354
Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100263

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  1. Gary S. Becker, 1991. "A Note on Restaurant Pricing and Other Examples of Social Influences on Price," University of Chicago - George G. Stigler Center for Study of Economy and State 67, Chicago - Center for Study of Economy and State.
  2. Wilson, Robert, 1997. "Nonlinear Pricing," OUP Catalogue, Oxford University Press, number 9780195115826, March.
  3. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, June.
  4. Elizabeth A. Wilman, 1988. "Pricing Policies for Outdoor Recreation," Land Economics, University of Wisconsin Press, vol. 64(3), pages 234-241.
  5. repec:cup:cbooks:9780521311120 is not listed on IDEAS
  6. repec:cup:cbooks:9780521322249 is not listed on IDEAS
  7. Starrett, David A., 1972. "Fundamental nonconvexities in the theory of externalities," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April.
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