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Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...
Persistent link: https://www.econbiz.de/10013101089
Recently, Batabyal and Beladi (2009) have constructed a metric of the expected total monetary damage from the unintentional introduction of invasive species into a country called Home. In this note, we extend this line of inquiry by analyzing the statistical properties of this total monetary...
Persistent link: https://www.econbiz.de/10013106397
hitherto unstudied questions in the tourism literature. We first delineate a continuous-time Markov chain (CTMC) model of a …
Persistent link: https://www.econbiz.de/10014040471
to locations such as lakes and parks. Next, we use the theory of discrete-time Markov chains (DTMCs) to formalize this …
Persistent link: https://www.econbiz.de/10014043371
to locations such as lakes and parks. Next, we use the theory of discrete-time Markov chains (DTMCs) to formalize this …
Persistent link: https://www.econbiz.de/10014043940
hitherto unstudied questions in the tourism literature. We first delineate a continuous-time Markov chain (CTMC) model of a …
Persistent link: https://www.econbiz.de/10013109669
Persistent link: https://www.econbiz.de/10003924743
Persistent link: https://www.econbiz.de/10009508421
Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the …
Persistent link: https://www.econbiz.de/10013084412
We provide the first contract-theoretic analysis of how best to sell package tours to heterogeneous tourists in an environment with asymmetrically held information. Our analysis has three practical implications. First, asymmetric information tends to hamper package tour sales. Second, some...
Persistent link: https://www.econbiz.de/10013085203