In this paper the efficient allocation of natural recreational areasis analysed. Natural recreational areas have the features of publicgoods. We present the efficient allocation of this non-excludablepublic good in a rational general equilibrium model withheterogeneous agents. This allows us to...

This paper extends the truncated and endogenously stratified Poisson and negative binomial models to three alternative discrete distributions, namely the generalized Poisson, geometric, and Borel distributions. Our primary intention here is to demonstrate how improper treatment of the data...

This policy brief summarises key findings from the project Hidden Barriers to Conservation-Addressing Social Acceptability to Enhance Effective Management in the Galapagos Marine Reserve, conducted by Heriot-Watt University with the support of The Rufford Foundation, in collaboration with the...

Tourism or the hospitality industry is among those economic activities that apart from realizing direct economic profits, it directly or indirectly impacts on the development of many other industries. Tourism through the tourist movements has a major impact on the geographical space, this effect...

Quality of life factors continue to gain importance in residential location decisions as well as location decisions of firms. One such factor is an attractive local landscape. The aim of this paper is to provide a survey of the empirical literature on the role of landscape amenities in local...

Tourism and environmental preservation are often conflicting activities, mainly in areas such as coastal lagoons, where seaside mass-tourism comes into contact with a very sensitive ecological system. In this paper we deal with a classical problem of both environmental and tourism economics, the...

The 2011 Great East Japan Earthquake hereafter, 'the Earthquake' and the accident involving radiation leakage at Tokyo Electric Power Company fs Fukushima Nuclear Power Plant No. 1 hereafter, 'NPP No. 1' brought fame to Fukushima Prefecture but not in a positive way. In general, economic damage...

One of the basic assumptions of the travel cost method for recreational demand analysis is that the travel cost is always incurred for a single purpose recreational trip. Several studies have skirted around the issue with simplifying assumptions and dropping observations considered as...