“Tragedy of the Commons” in the Tourism Accommodation Industry
نویسندگان
چکیده
This paper models the interaction between tourism accommodation industry and environmental quality – defined as a composite common pool resource. Results from the study show that open-access leads generally to both economic and environmental over-exploitation, i.e. “the tragedy of the commons”. This also affects the overall tourism industry since tourism accommodation and environmental quality perform central roles in it. This ultimately leads to mass tourism characterized by tourists with low willingness to pay. The results show that, apart from situations where positive externalities on other activities are very significant, or that the open-access faces binding restrictions (such as land availability), firms’ entry should be limited, not only on the basis of efficiency but also on sustainability.
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