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model of small open cities to study the impact of tourism on endogenous amenities, factors' allocation across sectors …, prices, and welfare. Tourism has two main effects on the urban economy: first, consistently with the observed pattern in the …; second, it increases prices. In the model tourism may hurt the resident population: with unequal land endowments, poorer …
Persistent link: https://www.econbiz.de/10011878634
model of small open cities to study the impact of tourism on endogenous amenities, factors' allocation across sectors …, prices, and welfare. Tourism has two main effects on the urban economy: first, consistently with the observed pattern in the …; second, it increases prices. In the model tourism may hurt the resident population: with unequal land endowments, poorer …
Persistent link: https://www.econbiz.de/10012916590
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This paper extends the Hartman model to include the case where two adjacent stands may be interdependent in the provision of amenity services. We show first that the relationship between the focal and exogenous rotation age depends on the nature of their temporal interdependence, i.e. on what...
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Nested logit has become common in estimating random utility models of recreation demand. Because welfare analysis is often the objective of estimating these models, it seems natural to ask, what effect does the choice of nesting structure have on the welfare estimates generated by these models?...
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