Pricing and Management of Recreational Activities Which Use Natural Resources

Hugh Sibly

Environmental & Resource Economics, 2001, vol. 18, issue 3, 339-354

Abstract: This paper analyses the economic efficiency ofmanagement regimes for the recreational use of anatural resource. Management must determine the useand development of the natural resource. Thefirst-best policy uses price to offset theexternalities of crowding and deterioration. This iscontrasted with two second-best polices which do notuse pricing: unrestricted access and quotas. Acondition under which a relaxation of quota levelincreases efficiency is derived. Under iso-elasticfunctional forms quotas are less efficient thanunrestricted access. Copyright Kluwer Academic Publishers 2001

Keywords: natural resources; parks; recreational activities (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1023/A:1011165132180

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