Analysis of Core Stakeholder Behaviour in the Tourism Community Using Economic Game Theory

Zhenzhi Yang, Hong Shi, Dan Yang, Xuanyu Ren and Yinchun Cai
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Zhenzhi Yang: Tourism School, Sichuan University, No 29 Wangjiang Road, Chengdu, Sichuan 610064, China
Hong Shi: China Leisure and Tourism Center, Sichuan University, Chengdu, China
Dan Yang: Tourism School, Sichuan University, Chengdu, China, and School of Foreign Languages, China West Normal University, Nanchong, China
Xuanyu Ren: Tourism School, Sichuan University, Chengdu, China
Yinchun Cai: School of Humanities and Social Science, Panzhihua University, Panzhihua, China

Tourism Economics, 2015, vol. 21, issue 6, 1169-1187

Abstract: In a Nash equilibrium, every participant's strategy is the optimal reaction to the strategies of others. Based on economic theory, this paper analyses core stakeholders' behaviour in the tourism community at Qingcheng Mountain, Chengdu, China. Taking taxation, land prices and employment as the payoffs, and the local government, the community and the investors as the players, the incomplete information static game model is applied to outline the stakeholders' behaviour. The paper also examines who benefits the most and who occupies a dominant position. The results indicate that the game strategy of residents in Qingcheng Mountain is influenced by the investors. The influence of the investors is also crucial in the decision making mechanism of the tourism community to maintain sustainable tourism development.

Keywords: core stakeholder behaviour; decision mechanism; game theory tourism community; sustainable development; Qingcheng Mountain (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:21:y:2015:i:6:p:1169-1187

DOI: 10.5367/te.2015.0521

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