Implicit Prices of the Attributes of Tourism Products: What is Hidden Behind Location?
DOI:
https://doi.org/10.25115/eea.v29i3.4414Keywords:
Location, Public Goods, Hedonic Prices, Tourism.Abstract
Different studies have decomposed the prices of tourism products into the implicit prices of their attributes (category and services), location and time of the year. These studies usually consider location as a residual indicator of the environment surrounding the tourism product, that is, an indicator unexplained by the model and which includes several elements. This paper analyses in-depth the factors which, according with previous studies, might be included in the variable “location”, such as natural capital; cultural, gastronomic and sportive supply; or public goods and services.
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