A note on the mechanisms to obtain sustainable ecotourism through price management
Part of : Tourismos : an international multidiciplinary journal of tourism ; Vol.8, No.2, 2013, pages 179-194
Issue:
Pages:
179-194
Section Title:
Research papers
Abstract:
This note studies a market signal mechanism for assessing the short and long termtradeoff offered by the existence of natural resources in a tourism destination. Wedevelop a theoretical model in which the destination price index is the tool forobtaining the sustainability of tourist areas. We assume that the stock of naturalresources accumulates due to the regenerative natural capacity, but, at the sametime, it is negatively affected by the number of tourists. When the demand priceelasticity is higher than one, we show that there is a tradeoff between the use ofthe natural resources and the development of the tourism sector. In this scenario,we analyze how the optimal price changes as the parameters of the model vary.
Subject (LC):
Keywords:
tourism, environmental sustainability, price elasticity of demand
Notes:
Περιέχει βιβλιογραφία και παράρτημα
References (1):
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