Investire per un turismo di élite o di massa: un modello dinamico

In this paper we investigate the convenience for a destination to specialize in mass-tourism or in élite-tourism. We take a micro-economic dynamic perspective, and propose a theoretical model, able to explain the switch in this kind of specialization, which is easily observed in several cases. We also study the case in which it is possible for a destination to select a combination between mass – and élite – tourism and we characterize the optimal degree of composition between these two extreme cases.