Modelling Tourism Development: A Synthetic Approach

Andreas Papatheodorou

Tourism Economics, 2003, vol. 9, issue 4, 407-430

Abstract: 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.

Keywords: tourism development; discrete choice; industrial organization; welfare analysis (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:9:y:2003:i:4:p:407-430

DOI: 10.5367/000000003322663069

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