Coral reef conservation incentives and revenue sharing

Tesa E Leonce
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Tesa E Leonce: Columbus State University, USA

Tourism Economics, 2021, vol. 27, issue 8, 1779-1800

Abstract: Coral reefs are at particular risk of overexploitation and extinction due to negative externalities from productive sectors such as tourism and fisheries. Increased reliance on tourism revenue means difficult trade-offs. This study proposes a community-based approach to conservation based on a bioeconomic model. We extend earlier work on exogenous reward-based conservation programs by specifying rewards contingent on the level of conservation effort. In addressing the question—whether effort-dependent revenue-sharing incentivizes local residents to engage in conservation activities—the findings indicate that what matters is the relative size of reward, the degree of reliance on coral reefs as a source of revenue, and how the stock is perceived by economic agents, that is, whether they view coral reefs as a commodity or a nuisance.

Keywords: bioeconomic; community revenue sharing; coral reefs; ecotourism; environment; green tourism; local economy; management; open access; property rights; renewable resources; sustainable development (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:27:y:2021:i:8:p:1779-1800

DOI: 10.1177/1354816620939698

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