Clashes and compromises: Investment policies in tourism destinations

Arbeitspapier

The authors solve a linear problem where a potential conflict between two agents (Destination manager and Firm) arises in a tourism destination. Destination manager has to choose how to allocate limited resources (capital and land) between either second homes or hotels. This conflict stems from the assumption of agents who have different linear preferences with respect to the allocation of limited resources. As a solution to this policy problem the authors consider three different policies: no intervention (laissez faire), taxation and temporary de-taxation policy. Comparing these different policies, the authors show that a compromise solution (internal solution), which results from the de-taxation policy, may be preferred by both agents over the clash of interests outcomes (corner solutions). Thus, the authors show that in a framework of conflict between agents a compromise solution may be preferable to both the absence of public intervention and the imposition of a tax by a public policy maker who has the discretionary power to regulate conflicts.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Economics Discussion Papers ; No. 2012-11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Conflict; Conflict Resolution; Alliances; Revolutions ; Portfolio Choice; Investment Decisions ; Sports; Gambling; Restaurants; Recreation; Tourism ; Regional Government Analysis: Land Use and Other Regulations
• Thema: Conflict resolution ; investment decisions ; tourism and land use ; Erholungsgebiet ; Destinationsmanagement ; Fremdenverkehrspolitik ; Investitionspolitik ; Bodennutzung ; Konflikt ; Steuerpolitik ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Candela, Guido ; Castellani, Massimiliano ; Mussoni, Maurizio
• Ereignis: Veröffentlichung
• (wer): Kiel Institute for the World Economy (IfW)
• (wo): Kiel
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/55516
• Letzte Aktualisierung: 20.09.2024, 08:22 MESZ