Ahlfeldt, Gabriel M.; Franke, Bastian; Maennig, Wolfgang - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 1, pp. 3-21
Summary We analyse 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...