Nautical tourism, carrying capac ity and environmental externality in a protected Lagoon of Northern Adriatic Sea

Francesco Silvestri, Stefano Ghinoi and Vincenzo Barone

ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT, 2013, vol. 2013/3, issue 3, 145-180

Abstract: Tourism and environmental preservation are often conflicting activities, mainly in coastal lagoons, where seaside mass-tourism comes into contact with a very sensitive ecological system. In this paper we deal with a classical problem of both environmental and tourism economics, the internalization of environmental costs of tourism, focusing on the nautical fruition of the Lagoon of Marano and Grado (North-Eastern Italy, Friuli Venezia Giulia Region). Using different instruments, both theoretical (Carrying Capacity framework, Polluter-Payer principle, Coase compensation) and empirical (Log-log regression, Forecasting model, CBA with defensive expenditures and actual market values), we ascertained the result that - given the current nautical berths endowment - a standard Coase equilibrium (unit external cost equal to unit private benefit) does not hold, and a higher number of vessels transiting in the Lagoon is more effective than a tempered fruition for nature conservation. Another interesting result is that the best available solution to internalize environmental externality is a mixed one, combining a command and control rule (a speed-limit prescription) with a Coasian compensation scheme. All the technical theoretical and empirical derivations are reported in Appendix A (Pressure Parameter Calculation), Appendix B (Benefit and Cost Calculation), and Appendix C (Data set and Econometric Tests).

JEL-codes: Q01 Q26 Q57 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.francoangeli.it/riviste/Scheda_Rivista. ... 289&Tipo=ArticoloPDF (text/html)
Single articles can be downloaded buying download credits, for info: https://www.francoangeli.it/DownloadCredit

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fan:efeefe:v:html10.3280/efe2013-003006

Ordering information: This journal article can be ordered from
http://www.francoang ... io.aspx?IDRivista=10

Access Statistics for this article

ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT is currently edited by FrancoAngeli

More articles in ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT from FrancoAngeli Editore
Bibliographic data for series maintained by Stefania Rosato ().