Game Theory, Tourism and Land Ethics

Dennis A. Kopf and Maxwell K. Hsu
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Dennis A. Kopf: Marketing Department, University of Wisconsin-Whitewater, Whitewater, WI 53190, USA
Maxwell K. Hsu: Marketing Department, University of Wisconsin-Whitewater, Whitewater, WI 53190, USA

Sustainability, 2021, vol. 13, issue 15, 1-13

Abstract: This paper combines game theory with Land Ethics to demonstrate a path forward for sustainable development. Our findings indicate that two likely equilibria can be reached. One equilibrium focuses on high short-term profits, but with ecological damage leading to less cumulative profits. The second equilibrium requires ecological maintenance costs (thus less short-term profits) yet yields greater cumulative profits. The comparison of the two equilibria and using the historical perspective of the Wisconsin Dells demonstrates how communities that embrace a Land Ethic can reach the equilibrium that produces greater long-term benefits.

Keywords: sustainable development; land ethic; ethical decision making; Wisconsin Dells; sustainable tourism; game theory (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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