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Pricing and Management of Recreational Activities Which Use Natural Resources
Citation
Sibly, HA, Pricing and Management of Recreational Activities Which Use Natural Resources, Environmental and Resource Economics , 18, (3) pp. 339-354. ISSN 0924-6460 (2001) [Refereed Article]
DOI: doi:10.1023/A:1011165132180
Abstract
This paper analyses the economic efficiency of management regimes for the recreational use of a natural resource. Management must determine the use and development of the natural resource. The first-best policy uses price to offset the externalities of crowding and deterioration. This is contrasted with two second-best polices which do not use pricing: unrestricted access and quotas. A condition under which a relaxation of quota level increases efficiency is derived. Under iso-elastic functional forms quotas are less efficient than unrestricted access.
Item Details
Item Type: | Refereed Article |
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Research Division: | Economics |
Research Group: | Applied economics |
Research Field: | Environment and resource economics |
Objective Division: | Economic Framework |
Objective Group: | Microeconomics |
Objective Field: | Microeconomics not elsewhere classified |
UTAS Author: | Sibly, HA (Dr Hugh Sibly) |
ID Code: | 22919 |
Year Published: | 2001 |
Web of Science® Times Cited: | 7 |
Deposited By: | Economics and Finance |
Deposited On: | 2001-08-01 |
Last Modified: | 2002-05-09 |
Downloads: | 0 |
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