In: Tourism review, 2009, vol. 64, no. 1, p. 48-58
Purpose – The future growth of international tourism is challenged by concerns of political instability, safety, socio-economics and environmental impact. Furthermore, globalization has increased competition in tourism markets, and destinations are exposed to tough price competition on homogenized products by rivals worldwide. Given these challenges and the desire by locales for sustainable...
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In: Journal of teaching in travel & tourism, 2011, vol. 11, no. 1, p. 24-37
This paper brings empirical evidence to the conceptual framework of tourism values developed by the "Tourism Education Future Initiative" by exploring the content of the mission statements of 84 graduate programs in tourism around the world as well as the content of 156 posts in international job search engines advertising for positions in tourism related industries. Finally a survey conducted...
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A key input in cost-benefit analysis is represented by the marginal rate of substitution which expresses the willingness to pay, or its counterpart willingness to accept, for both market and non-market goods. The consistent discrepancy between these two measures observed in the literature suggests the need to estimate reference dependent models able to capturing loss aversion by...
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Immigrant self-employment rates vary considerably across regions in Switzerland. Business ownership seems to provide an alternative to wage labour, where immigrants have to face structural barriers such as the limited knowledge of the local language, or difficulties in fruitfully making use of their own human capital. Despite the historically high unemployment rates with respect to natives,...
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Infrastructure vulnerability is a topic of rising interest in the scientific literature for both the general increase of unexpected events and the strategic importance of certain links. Protective investments are extremely costly and risks are distributed in space and time which poses important decision problems to the public sector decision makers. In an economic prospective, the evaluation...
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The purpose of this study is to analyse the cost structure of the Swiss Private Railways in order to assess economies of scale and density and the desirability of a merger policy in the regional railway sector. A translog cost function was estimated using panel data for a sample of 43 regional railways over the period 1990-1995. The results indicate the existence of economies of density for most...
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A general result of information theory is that asymmetric information generates agent rents and distortions in production. In this paper, we analyse the impact of asymmetric information on adoption and use of information technology (IT). Depending on the conctracting scheme, different results may occur. We explore the differences between the case of contractible investment and the case of...
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