Candela, Guido; Castellani, Massimiliano; Mussoni, Maurizio - Rimini Centre for Economic Analysis (RCEA) - 2007
We set up a theoretical model, in which the policy maker of a tourism destination has to choose how to allocate the limited natural resource - land - between private holiday accommodations (i.e. second homes) or hotels. In a framework of partial equilibrium, the policy maker minimizes a loss...