Demographic and Technological Growth in the Tourism Market

João Ricardo Faria
Additional contact information
João Ricardo Faria: Nottingham Business School, Nottingham Trent University, Burton Street, Nottingham NG1 4BU, UK

Tourism Economics, 2008, vol. 14, issue 1, 115-121

Abstract: This paper examines, in a differential game framework, demographic and technological growth in the tourism market. The number of tourists is assumed to follow a logistic growth, being influenced by demographic and technological factors, as well as the size of the market and investment in the tourism industry. The market for tourism is an oligopoly with differentiated products. In the steady-state equilibrium, the optimal population level of tourists is directly proportional to optimal investments in infrastructure, and they increase with demographic and technological factors and the size of the market and decrease with the number and diminished differentiation of destinations, production costs for tourism service and investment and the impatience of the tourism authority.

Keywords: oligopoly; differential games; tourism market (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://journals.sagepub.com/doi/10.5367/000000008783554776 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:14:y:2008:i:1:p:115-121

DOI: 10.5367/000000008783554776

Access Statistics for this article

More articles in Tourism Economics
Bibliographic data for series maintained by SAGE Publications ().