Ebook: The Economics of Tourism Destinations

The book aims at providing an overview of the main economic issues related to tourism activities. While tourism is an important sector, contributing to more than 10% of the European Union’s GDP, research and teaching at the university level has only recently grown to a considerable level, and the field still lacks a firm research methodology. This book approaches tourism economics as an applied field of study in which tourism markets are represented as imperfect markets, with asymmetric and incomplete information among agents, bounded rationality, and with a strong presence of externalities and public goods. The economic issues studied in the book are approached both intuitively, largely using examples and case studies, and formally, with mathematical formalizations in text boxes.

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The book aims at providing an overview of the main economic issues related to tourism activities. While tourism is an important sector, contributing to more than 10% of the European Union’s GDP, research and teaching at the university level has only recently grown to a considerable level, and the field still lacks a firm research methodology. This book approaches tourism economics as an applied field of study in which tourism markets are represented as imperfect markets, with asymmetric and incomplete information among agents, bounded rationality, and with a strong presence of externalities and public goods. The economic issues studied in the book are approached both intuitively, largely using examples and case studies, and formally, with mathematical formalizations in text boxes.

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The book aims at providing an overview of the main economic issues related to tourism activities. While tourism is an important sector, contributing to more than 10% of the European Union’s GDP, research and teaching at the university level has only recently grown to a considerable level, and the field still lacks a firm research methodology. This book approaches tourism economics as an applied field of study in which tourism markets are represented as imperfect markets, with asymmetric and incomplete information among agents, bounded rationality, and with a strong presence of externalities and public goods. The economic issues studied in the book are approached both intuitively, largely using examples and case studies, and formally, with mathematical formalizations in text boxes.
Content:
Front Matter....Pages i-xviii
Front Matter....Pages 15-15
Introduction: Economics of Tourism, Economics of Destinations, Tourism Studies and Other Related Issues....Pages 1-13
Front Matter....Pages 15-15
Definitions and Key Concepts....Pages 17-44
The Tourism Sector in the Economy....Pages 45-72
The Economics of Tourism Destinations....Pages 73-130
Front Matter....Pages 131-131
The Consumer Theory Applied to the Tourist....Pages 133-161
A Close Examination of the Consumer Theory Applied to the Tourist....Pages 163-205
Production in Tourism....Pages 207-242
The Production and the Sale of Holidays: Tour Operators and Travel Agencies....Pages 243-268
The Supply of Tourism Services: Hospitality, Transport, Attractions....Pages 269-309
The Tourism Markets....Pages 311-354
The Contracts in the Tourism Markets....Pages 355-398
The Information and Communication Technology and the Tourism Sector....Pages 399-424
Front Matter....Pages 425-425
Tourism, Development, and Growth....Pages 427-466
International Tourism: Real and Monetary Flows....Pages 467-510
The State Intervention and the Public Organization of Tourism....Pages 511-547
Sustainable Tourism....Pages 549-585
Back Matter....Pages 587-616