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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
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
Author:Sibly, HA (Dr Hugh Sibly)
ID Code:22919
Year Published:2001
Web of Science® Times Cited:5
Deposited By:Economics and Finance
Deposited On:2001-08-01
Last Modified:2002-05-09
Downloads:0

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