Game Theory, Tourism and Land Ethics
Keyword(s):
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.
2015 ◽
Vol 17
(01)
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pp. 1550006
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Keyword(s):
2014 ◽
Vol 1
(1)
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pp. 29-34
Keyword(s):
2021 ◽
Vol Volume II
(December 2021)
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pp. 30-45
2021 ◽
Vol 5
(5)
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pp. 1-7