Modelling Tourism Development: A Synthetic Approach

• Andreas Papatheodorou ^[1]
  1. [1] University of Surrey

     University of Surrey

     Guildford District, Reino Unido

     
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 9, Nº. 4, 2003, págs. 407-430
• Idioma: inglés
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• Resumen

  • This paper produces an innovative model of tourism development by creatively amalgamating the framework of agglomeration economics with discrete choice and oligopolistic competition. Consumer choice is examined simultaneously from a dual perspective (discretely at the inter-resort level and continuously in the context of intra-resort consumption) to encapsulate systemic and probabilistic factors. In conjunction with the treatment of dynamic issues, the paper then performs a welfare analysis by comparing the spatio-temporal configuration under a social planner with the one of a decentralized regime. Finally, policy considerations and directions for future research and operationalization are drawn.