Bridging Monopolies of Power: Foreign Tourism Trade Relations between Germany and Jordan and Constitutional Uncertainty
AbstractInternational tourism trade relations often operate ?outside? national territorialities of law. In holiday destinations without mass tourism, tour operators usually rely on local service providers to produce the tourist package tour on-site. Because tour operators are not always able to establish effective governance mechanisms with their local service providers, loss of their business ? and in the worst case bankruptcy ? can cause significant economic costs. The paper discusses the efficiency of tour operators? strategies to deal with such constitutional uncertainty and to impose ?self-enforcement?. The extensive empirical case study at hand enriches our understanding of private ordering in the service sector and thus contributes to the conceptual discussion within the New Institutional Economics of International Transactions (NIEIT).
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Bibliographic InfoPaper provided by CEPS/INSTEAD in its series CEPS/INSTEAD Working Paper Series with number 2012-17.
Length: 40 pages
Date of creation: Mar 2012
Date of revision:
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More information through EDIRC
International private law; transaction costs; private ordering; tourism; Jordan; Germany;
Find related papers by JEL classification:
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F15 - International Economics - - Trade - - - Economic Integration
- K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-04-03 (All new papers)
- NEP-ARA-2012-04-03 (MENA - Middle East & North Africa)
- NEP-TUR-2012-04-03 (Tourism Economics)
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