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Modelling Tourism Development: A Synthetic Approach

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  • Andreas Papatheodorou

    (Lecturer in Tourism, School of Management, University of Surrey, Guildford, Surrey, GU2 7XH, UK)

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.

Suggested Citation

  • Andreas Papatheodorou, 2003. "Modelling Tourism Development: A Synthetic Approach," Tourism Economics, , vol. 9(4), pages 407-430, December.
    • Handle: RePEc:sae:toueco:v:9:y:2003:i:4:p:407-430
    DOI: 10.5367/000000003322663069
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    References listed on IDEAS

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    Cited by:

    1. Rainer Andergassen & Guido Candela & Paolo Figini, 2017. "The management of tourism destinations," Tourism Economics, , vol. 23(1), pages 49-65, February.
    2. Santana-Jiménez, Yolanda & Hernández, Juan M., 2011. "Estimating the effect of overcrowding on tourist attraction: The case of Canary Islands," Tourism Management, Elsevier, vol. 32(2), pages 415-425.
    3. 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.
    4. Papatheodorou, Andreas, 2021. "A review of research into air transport and tourism," Annals of Tourism Research, Elsevier, vol. 87(C).
    5. José António Filipe, 2014. "Tourism Destinations: A Methodological Discussion on Commons and Anti-commons. The ‘Ammaia’ Project’s Locale Impact," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(2), pages 725-725.
    6. Ma, Mingcao & Weng, Jin & Yu, Larry, 2015. "Market size, scale economies, and tourism market structure: A case of historic water town tourism in China," Tourism Management, Elsevier, vol. 49(C), pages 119-137.
    7. Stephanie Truchet & Jean-Marc Callois & Francis Aubert & Virginie Piguet, 2011. "Amenities and location of hotels: a micro-economic model and estimations," ERSA conference papers ersa10p904, European Regional Science Association.
    8. José António Filipe, 2014. "Tourism Destinations and Local Rental: A Discussion around Bureaucracy and Anticommons. Algarve Case (Portugal)," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 4(4), pages 821-821.

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