encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …

paid by the winner. We study the impact of these price-externalities on the first-price auction and the second … independently from the identity of the winner. We prove that the first-price auction is not affected by this kind of price-externalities … by the presence of such price-externalities. In any case, in comparison with the first-price auction, the second …

Consider an environment with widespread externalities, and suppose that binding agreements can be written. We study …

affecting the fishing and the tourism sectors in two different IPCC SRES scenarios, the A2 and B1, varying in the future trends … through increases in fishing effort, due to lower availability of commercial fish species, and decrease in tourism demand … larger when the tourism sector is affected. This is explained by the much higher contribution of tourism than fishery in the …

We present a theoretical model in tourism economics, assuming that the market for tourism is an oligopoly with … capacity that can be interpreted as the stock of physical, natural or cultural resources. Tourism flows yield current revenues … questions, like the choice between mass- vs. elite-tourism development strategies; the effect of the number of competing …

We consider the relationship between tourism and economic growth for Latin American countries since 1985 until 1998 … variables. We show that the tourism sector is adequate for the economic growth of medium or low-income countries, though not … growth, we try to explain tourism arrivals conditional on GDP and other covariates such as safety, prices and education level …

This paper studies the economic implications of climate-change-induced variations in tourism demand, using a world CGE … subsequently perturbed by shocks, simulating the effects of climate change. We portray the impact of climate change on tourism by …

the 6th FP project PICTURE (Pro-active management of the Impact of Cultural Tourism upon Urban Resources and Economies …), in order to quantify the monetary impact of cultural tourism upon urban economies. The analysis was carried out in two … understanding how different sectors of local economy and society can benefit from tourism and in determining how to maximise, or …