Ahlfeldt, Gabriel M.; Maennig, Wolfgang; Franke, Bastian - Institut für Außenhandel und Wirtschaftsintegration, … - 2009
This paper analyses how German tourists react to unanticipated shocks that alter their risk perception of selected tourism destinations. Using a difference-in-difference strategy which flexibly accounts for macroeconomic conditions and also addresses potential problems of serial correlation, we...