| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Investment in Tourism Market: A Dynamic Model of Differentiated Oligopoly |
| Roberto Cellini; Guido Candela
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| 发表日期 | 2004
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| 出处 | Climate Change and Sustainable Development
|
| 出版年 | 2004
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| 语种 | 英语
|
| 摘要 | We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with differentiated products. Destinations (i.e., countries, regions, sites or even firms) can invest in order to improve their carrying capacity that can be interpreted as the stock of physical, natural or cultural resources. Tourism flows yield current revenues, but they are usually detrimental for the cultural or natural resource stock over time. We find the solution of the dynamic model, and in particular we find the open-loop Nash equilibrium of the game among the destinations, under alternative settings, depending on whether the arrivals are exogenous or endogenous, and depending on whether the degree of differentiation among destinations is exogenous or endogenous. The model is rather general, and it can provide answers to different specific questions, like the choice between mass- vs. elite-tourism development strategies; the effect of the number of competing products upon profits; the optimal degree of product differentiation. |
| 特色分类 | D43,D92,L83
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| 关键词 | Tourism,Differentiated games,Reservation price
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/investment-in-tourism-market-a-dynamic-model-of-differentiated-oligopoly/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116972
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推荐引用方式
GB/T 7714 |
Roberto Cellini,Guido Candela. Investment in Tourism Market: A Dynamic Model of Differentiated Oligopoly. 2004.
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