Pérez-Granja, Ubay; Andina‐Díaz, Ascensión; … - 2023
This paper investigates the effect of natural disasters on tourism expenditure. We exploit the natural experiment of … effect of the volcanic eruption on both aggregate expenditure and expenditure by category. We find that the volcanic eruption … price mechanism and the tourism-profile mechanism. Our results provide evidence of prosocial consumption among tourists …