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The Contracts in the Tourism Markets

In: The Economics of Tourism Destinations

Author

Listed:
  • Guido Candela

    (University of Bologna)

  • Paolo Figini

    (University of Bologna)

Abstract

After having studied the economic problem of tourism firms (Chaps. 8 and 9) as well as their strategic choice in terms of product differentiation, mechanisms of signaling, reputation, advertising, etc. (Chap. 10), in this chapter we will address a number of issues arising from the transactions between firms operating in different markets. In fact, the existence of uncertainty about the future, information asymmetry, and the subsequent opportunistic behavior, the specific features of investment projects, all require the arrangement of tailor-made contracts between firms aimed at bringing back efficiency in the transaction.

Suggested Citation

  • Guido Candela & Paolo Figini, 2012. "The Contracts in the Tourism Markets," Springer Texts in Business and Economics, in: The Economics of Tourism Destinations, edition 127, chapter 0, pages 355-398, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-20874-4_11
    DOI: 10.1007/978-3-642-20874-4_11
    as

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