Destination performance: Introducing the utility function in the mean-variance space

Linjia Zhang, Laurent Botti and Sylvain Petit ()

MPRA Paper from University Library of Munich, Germany

Abstract: Economic characteristics of home countries can cause considerable variations in the tourism demand. For example, the average level of expenditure per tourist varies from one origin to another and these variations may alter overtime. Thus different tourist nationalities are associated with different level of expenditures and risks. Therefore strategies aimed at minimizing the variations may become an important issue for the policy makers. In this paper, we aim to use the productivity measurement theory in a mean-variance space to a French region (Nord Pas-de-Calais) by introducing the utility function in a mean-variance framework. With this method, we can calculate the optimal portfolio share for each origin and give some useful political advices to the policy decision makers to improve the performance of the tourist sector.

Keywords: Productivity measurement; Mean-variance; Tourism efficiency; Efficiency decomposition; Utility function; Nord Pas-de-Calais (search for similar items in EconPapers)
JEL-codes: C61 C67 L83 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-tur and nep-upt
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Destination performance: Introducing the utility function in the mean-variance space (2016)
Working Paper: Destination performance: Introducing the utility function in the Mean-Variance space (2016)
Working Paper: Destination performance: Introducing the utility function in the Mean-Variance space (2015)
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