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Keynesian Policies for Tourism: Taxation without Coordination

Author

Listed:
  • Guido Candela

    (Department of Economics, University of Bologna, Piazza Scaravilli 1, 401216 Bologna, Italy)

  • Massimiliano Castellani

    (Department of Economics, University of Bologna, Via Angherà 22, 47921 Rimini, Italy, and The Rimini Centre for Economic Analysis (RCEA), Italy)

  • Maurizio Mussoni

    (Department of Economics, University of Bologna, Via Angherà 22, 47921 Rimini, Italy, and The Rimini Centre for Economic Analysis (RCEA), Italy)

Abstract

In this paper the authors investigate the effect of a Keynesian policy in tourism destinations where tourism products are mainly sold through ‘direct sales' (decentralized solution) and the tourism market equilibrium is characterized by sticky prices and unemployment (coordination failure); thus the conditions for a Keynesian demand policy are verified. This policy is a Pareto improving solution with respect to the organization of sales by tour operators or destination managers (centralized solution), since tourism firms are not worse-off in terms of profits and there is an increase of tourism production as well as of employment.

Suggested Citation

  • Guido Candela & Massimiliano Castellani & Maurizio Mussoni, 2015. "Keynesian Policies for Tourism: Taxation without Coordination," Tourism Economics, , vol. 21(3), pages 527-541, June.
    • Handle: RePEc:sae:toueco:v:21:y:2015:i:3:p:527-541
    DOI: 10.5367/te.2015.0479
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    References listed on IDEAS

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    1. Guido Candela & Paolo Figini, 2012. "The Economics of Tourism Destinations," Springer Texts in Business and Economics, Springer, edition 127, number 978-3-642-20874-4, June.
    2. Álvaro Matias & Peter Nijkamp & Paulo Neto (ed.), 2007. "Advances in Modern Tourism Research," Springer Books, Springer, number 978-3-7908-1718-8, January.
    3. Rinaldo Brau & Alessandro Lanza (ed.), 2008. "Tourism and Sustainable Economic Development," Books, Edward Elgar Publishing, number 12972.
    4. Andergassen, Rainer & Candela, Guido & Figini, Paolo, 2013. "An economic model for tourism destinations: Product sophistication and price coordination," Tourism Management, Elsevier, vol. 37(C), pages 86-98.
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    Cited by:

    1. Hongru Zhang & Yang Yang, 2019. "Prescribing for the tourism-induced Dutch disease: A DSGE analysis of subsidy policies," Tourism Economics, , vol. 25(6), pages 942-963, September.

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