 An integrated model of tourists’ time use and expenditure behaviour with self-selection based on a fully nested Archimedean copula functionHui Zhang, Junyi Zhang () and Masashi Kuwano Tourism Management, 2012, vol. 33, issue 6, 1562-1573 Abstract: This study presents an integrated model of tourists’ time use, expenditure by explicitly incorporating the influence of destination visit behaviour based on the concept of self-selection. Inter-destination interactions (between time-use decisions, between expenditure decisions, and between decisions on both time use and expenditure) are incorporated by using a multilinear utility function. The study uses a Type-II Tobit model with a Frank-type fully nested Archimedean copula to deal with issues caused by correlation between these variables. The Archimedean copula is used to combine marginal distributions to obtain a joint distribution of error terms of utility functions with the help of dependency parameters. The effectiveness of the model is confirmed empirically by using data collected in the Tottori Prefecture of Japan in 2007. Dependence structures across destinations, inter-destination interactions and the relative importance of each destination in decisions are examined. Keywords: Integrated tourist behaviour modelling; Time use; Expenditure; Self-selection; Fully nested Archimedean copula; Multilinear utility (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:touman:v:33:y:2012:i:6:p:1562-1573 DOI: 10.1016/j.tourman.2012.03.004 Access Statistics for this article Tourism Management is currently edited by Chris Ryan More articles in Tourism Management from Elsevier |
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