Return to Tourist Destination. Is it Reputation, After All?
AbstractIn this paper we study the hypothesis that the repeated purchases in the tourism markets could be considered as a consequence of asymmetrical information problems. We analyze this hypothesis with the case study of the Island of Tenerife by the estimation of a count data model. We obtain that the length of the stay and the information obtained from previous visits and/or relatives and friends might increase the return to a destination suggesting the presence of a reputation mechanism as proposed by Shapiro (1983). We also estimate the determinants of the willingness to return confirming the main results.
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Bibliographic InfoPaper provided by FEDEA in its series Working Papers on International Economics and Finance with number 03-01.
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Other versions of this item:
- Francisco Ledesma & Manuel Navarro & Jorge Perez-Rodriguez, 2005. "Return to tourist destination. Is it reputation, after all?," Applied Economics, Taylor & Francis Journals, vol. 37(18), pages 2055-2065.
- Francisco J. Ledesma & Manuel Navarro & Jorge V., 2003. "Return to Tourist Destination. Is it Reputation, After All?," Working Papers 03-01, Asociación Española de Economía y Finanzas Internacionales.
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-06-07 (All new papers)
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