Lanzara, Gianandrea; Minerva, Gaetano Alfredo - 2018
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 …