Vilasuso, Jan; Menz, Fredric C. - In: Canadian Journal of Economics 31 (1998) 5, pp. 1139-1153
In this paper, the authors develop and test a model to explain travel expenditures in the United States by Canadians. The model examines a consumer's choice problem where income is allocated between domestic and foreign consumption. Consumers do not know the foreign price level and base their...