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Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the tourists can be of two possible types. In this note, we first generalize their analysis by studying the case in which the tourists can be of infinitely many types. Next, we compare...
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Alao and Batabyal (2013) have recently used contract theory to study the sale of package tours to tourists when the tourists can be of two possible types. In this note, we first generalize their analysis by studying the case in which the tourists can be of infinitely many types. Next, we compare...
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