This paper investigates the factors that influence the change in passenger ski-lift transports between a normal winter and an anomalously mild winter based on individual lift and aggregate ski-area data. Special focus is placed on the return on investments in new ski lifts. Using endogenous...

TThe major ski markets of the world are reaching a point of stagnation or decline. After a long period of increased demand and expansions, this also holds true for the Swedish ski resorts. Although the apparent stagnation, the main factors influencing the demand for skiing in Sweden are not...