Current approach to the management of World Heritage sites and the associated tourism is not always effective. Indeed, operators of Chteau de Versailles, Alhambra, and Vatican Palace trade-off visitors’ revenues against damage to these sites. We study the effective dynamic behavior of a firm managing a heritage site. In an optimal control model, the operator sets pricing and heritage conservation policies. Heritage sites benefit from spending on conservation but are deteriorated by large numbers of visitors. Visitor numbers increase with the attractiveness of the site but decrease with the entrance fee. Our results characterize optimal pricing and heritage conservation policies over time and provide a stronger foundation for sustainable tourism policies.

Sustainable Tourism / Chenavaz, R. Y.; Leocata, Marta; Ogonowska, M.; Torre, D.. - In: JOURNAL OF ECONOMIC DYNAMICS & CONTROL. - ISSN 1879-1743. - 143:(2022), pp. 1-19. [10.1016/j.jedc.2022.104483]

Sustainable Tourism

Leocata M;
2022

Abstract

Current approach to the management of World Heritage sites and the associated tourism is not always effective. Indeed, operators of Chteau de Versailles, Alhambra, and Vatican Palace trade-off visitors’ revenues against damage to these sites. We study the effective dynamic behavior of a firm managing a heritage site. In an optimal control model, the operator sets pricing and heritage conservation policies. Heritage sites benefit from spending on conservation but are deteriorated by large numbers of visitors. Visitor numbers increase with the attractiveness of the site but decrease with the entrance fee. Our results characterize optimal pricing and heritage conservation policies over time and provide a stronger foundation for sustainable tourism policies.
2022
Sustainable tourism, World heritage sites, Dynamic pricing, Conservation policies, Optimal control
Sustainable Tourism / Chenavaz, R. Y.; Leocata, Marta; Ogonowska, M.; Torre, D.. - In: JOURNAL OF ECONOMIC DYNAMICS & CONTROL. - ISSN 1879-1743. - 143:(2022), pp. 1-19. [10.1016/j.jedc.2022.104483]
File in questo prodotto:
File Dimensione Formato  
1-s2.0-S0165188922001889-main.pdf

Solo gestori archivio

Tipologia: Versione dell'editore
Licenza: Tutti i diritti riservati
Dimensione 972.38 kB
Formato Adobe PDF
972.38 kB Adobe PDF   Visualizza/Apri
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11385/234999
Citazioni
  • Scopus 3
  • ???jsp.display-item.citation.isi??? 0
social impact