Game Theory, Tourism and Land Ethics
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 e...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2021-07-01
|
| Series: | Sustainability |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2071-1050/13/15/8515 |
| id |
doaj-4bc21f54da7e43649dbd3884bed45080 |
|---|---|
| record_format |
Article |
| spelling |
doaj-4bc21f54da7e43649dbd3884bed450802021-08-06T15:33:14ZengMDPI AGSustainability2071-10502021-07-01138515851510.3390/su13158515Game Theory, Tourism and Land EthicsDennis A. Kopf0Maxwell K. Hsu1Marketing Department, University of Wisconsin-Whitewater, Whitewater, WI 53190, USAMarketing Department, University of Wisconsin-Whitewater, Whitewater, WI 53190, USAThis 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.https://www.mdpi.com/2071-1050/13/15/8515sustainable developmentland ethicethical decision makingWisconsin Dellssustainable tourismgame theory |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Dennis A. Kopf Maxwell K. Hsu |
| spellingShingle |
Dennis A. Kopf Maxwell K. Hsu Game Theory, Tourism and Land Ethics Sustainability sustainable development land ethic ethical decision making Wisconsin Dells sustainable tourism game theory |
| author_facet |
Dennis A. Kopf Maxwell K. Hsu |
| author_sort |
Dennis A. Kopf |
| title |
Game Theory, Tourism and Land Ethics |
| title_short |
Game Theory, Tourism and Land Ethics |
| title_full |
Game Theory, Tourism and Land Ethics |
| title_fullStr |
Game Theory, Tourism and Land Ethics |
| title_full_unstemmed |
Game Theory, Tourism and Land Ethics |
| title_sort |
game theory, tourism and land ethics |
| publisher |
MDPI AG |
| series |
Sustainability |
| issn |
2071-1050 |
| publishDate |
2021-07-01 |
| description |
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. |
| topic |
sustainable development land ethic ethical decision making Wisconsin Dells sustainable tourism game theory |
| url |
https://www.mdpi.com/2071-1050/13/15/8515 |
| work_keys_str_mv |
AT dennisakopf gametheorytourismandlandethics AT maxwellkhsu gametheorytourismandlandethics |
| _version_ |
1721217368081825792 |