Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa

National park agencies in Africa often lack incentives to maximize revenue, despite the decline in conservation subsidies from the State. We explore the potential of pricing policy to generate funds for extensive conservation. We estimate recreation demand by international tourists for a popular Sou...

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Bibliographic Details
Main Authors:	Mukanjari, Samson, Muchapondwa, Edwin, Demeke, Eyoual
Format:	Journal Article
Published:	Taylor and Francis 2022
Subjects:	TOURISM CONSERVATION RECREATION DEMAND OPTIMAL PRICING REVENUE MOBILIZATION PARK ENTRANCE FEE NON-MARKET VALUATION BENEFIT SHARING
Online Access:	http://hdl.handle.net/10986/36813

id	okr-10986-36813
recordtype	oai_dc
spelling	okr-10986-368132022-01-28T16:11:25Z Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa Mukanjari, Samson Muchapondwa, Edwin Demeke, Eyoual TOURISM CONSERVATION RECREATION DEMAND OPTIMAL PRICING REVENUE MOBILIZATION PARK ENTRANCE FEE NON-MARKET VALUATION BENEFIT SHARING National park agencies in Africa often lack incentives to maximize revenue, despite the decline in conservation subsidies from the State. We explore the potential of pricing policy to generate funds for extensive conservation. We estimate recreation demand by international tourists for a popular South African park, calculate the consumer surplus and find the revenue-maximizing entrance fee. Our results suggest substantial underpricing and therefore significant forgone income. By charging low fees at popular parks despite increasing conservation mandates and declining conservation subsidies, national parks in developing countries are forgoing substantial revenue crucial for combating widespread biodiversity losses. 2022-01-11T20:20:16Z 2022-01-11T20:20:16Z 2021 Journal Article Journal of Environmental Economics and Policy 2160-6544 http://hdl.handle.net/10986/36813 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research Publications & Research :: Journal Article Africa Africa Eastern and Southern (AFE) South Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	TOURISM CONSERVATION RECREATION DEMAND OPTIMAL PRICING REVENUE MOBILIZATION PARK ENTRANCE FEE NON-MARKET VALUATION BENEFIT SHARING
spellingShingle	TOURISM CONSERVATION RECREATION DEMAND OPTIMAL PRICING REVENUE MOBILIZATION PARK ENTRANCE FEE NON-MARKET VALUATION BENEFIT SHARING Mukanjari, Samson Muchapondwa, Edwin Demeke, Eyoual Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa
geographic_facet	Africa Africa Eastern and Southern (AFE) South Africa
description	National park agencies in Africa often lack incentives to maximize revenue, despite the decline in conservation subsidies from the State. We explore the potential of pricing policy to generate funds for extensive conservation. We estimate recreation demand by international tourists for a popular South African park, calculate the consumer surplus and find the revenue-maximizing entrance fee. Our results suggest substantial underpricing and therefore significant forgone income. By charging low fees at popular parks despite increasing conservation mandates and declining conservation subsidies, national parks in developing countries are forgoing substantial revenue crucial for combating widespread biodiversity losses.
format	Journal Article
author	Mukanjari, Samson Muchapondwa, Edwin Demeke, Eyoual
author_facet	Mukanjari, Samson Muchapondwa, Edwin Demeke, Eyoual
author_sort	Mukanjari, Samson
title	Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa
title_short	Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa
title_full	Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa
title_fullStr	Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa
title_full_unstemmed	Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa
title_sort	recreation demand and pricing policy for international tourists in developing countries : evidence from south africa
publisher	Taylor and Francis
publishDate	2022
url	http://hdl.handle.net/10986/36813
_version_	1764485946873479168

Recreation Demand and Pricing Policy for International Tourists in Developing Countries : Evidence from South Africa

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