Skip to main content

An Economic Analysis of Tourism Contracts: Allotment and Free Sale*

  • Chapter
Advances in Modern Tourism Research

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Anupindi R. and Y. Bassok (1998). Supply Contracts with Quantity Commitments and Stochastic Demand, Quantitative Models for Supply Chain Management, Tayur S., M. Magazine and R. Ganshan (eds.), Kluwer Academic Publishers, Boston, MA.

    Google Scholar 

  • Araman V., J. Kleinknecht and R. Akella (2003). Coordination and Risk-Sharing in E-Business, Working Paper, Stanford University, Stanford, CA.

    Google Scholar 

  • Ayres I. and R. Gertner (1992). Strategic Contractual Inefficiency and the Optimal Choice of Legal Rules, 101 Yale Law Journal, 729–73.

    Google Scholar 

  • Arrow K.J. (1971). Essays in the Theory of Risk Bearing, Markham, Chicago.

    Google Scholar 

  • Barnes-Schuster D., Y. Bassok and R. Anupindi (2000). Coordination and Flexibility in Supply Contracts with Options, Working Paper, University of Chicago.

    Google Scholar 

  • Candela G. and P. Figini (2003). Economia del turismo, McGraw-Hill, Milano.

    Google Scholar 

  • Candela G. and P. Figini (2005). Economia dei sistemi turistici, McGraw-Hill, Milano.

    Google Scholar 

  • Candela G. and R. Cellini (2004). Investment in Tourism Market: A Dynamic Model of Differentiated Oligopoly, Working Paper, Social Science Research Network (SSRN) Electronic Paper Collection, No. 20.2004, Fondazione Enrico Mattei Research Paper Series, Milano.

    Google Scholar 

  • Cheung Steven N.S. (1969). Transaction Costs, Risk Aversion, and the Choice of Contractual Arrangements, Journal of Law and Economics 12, 23–46.

    Article  Google Scholar 

  • Cooper C.P., J. Fletcher, D. Gilbert, R. Shephard and S. Wanhill (1998). Tourism: Principles and Practice, Addison Wesley Longman Publishing, New York.

    Google Scholar 

  • Cooter R. and T. Ulen (2004). Law and Economics, Pearson Addison Wesley.

    Google Scholar 

  • Faure M. and S. Goran (2003). The Economic Analysis of Environmental Policy and Law, Edward Elgar Publishing Limited, Cheltenham, UK.

    Google Scholar 

  • Diamond P. and M. Rothschild (1978). Uncertainty in Economics: Readings and Exercises, Academic Press, New York.

    Google Scholar 

  • Fisher F.M. (1983). Disequilibrium Foundations of Equilibrium Economics, New York, Cambridge University Press.

    MATH  Google Scholar 

  • Hahn F.H. and T. Negishi (1962). A Theorem on Non-Tatônement Stability, Econometrica, 30, 463–69.

    Article  MATH  Google Scholar 

  • Hart O.D. and B. Holmstrom (1987). The Theory of Contracts, Advances in Economic Theory, T.R. Bewley (eds.), Fifth World Congress, Cambridge University Press, Cambridge, 369–98.

    Google Scholar 

  • Hirshleifer J. and J.G. Riley (1992). The Analytics of Uncertainty and Information, Cambridge University Press, Cambridge, UK.

    Google Scholar 

  • Holmstrom B. and J. Tirole (1989). The Theory of the Firm, Handbook of Industrial Economics, Schmalensee R. and R.D. Willig (eds.), New York, Elsevier Science Publishing, 61–133.

    Google Scholar 

  • Li C. and P. Kouvelis (1999). Flexible and Risk-Sharing Supply Contracts Under Price Uncertainty, Management Science, 45, 10, 1378–1398.

    Article  Google Scholar 

  • Macaulay S. (1963). An Empirical View of Contract, 1985 Wisconsin Law Review, 465–482.

    Google Scholar 

  • Machina M. (1987). Choice under uncertainty: Problems solved and unsolved, The Journal of Perspectives, 1: 121–54.

    Google Scholar 

  • Mas-Colell A., M.D. Whinston and J.R. Green (1995). Microeconomic Theory Oxford University Press, New York, Oxford.

    Google Scholar 

  • Masten S.E. (1988). Equity, Opportunism, and the Design of Contractual Relations, Journal of Institutional and Theoretical Economics, 144, 180–195.

    Google Scholar 

  • Masten S.E. (1999). Contractual Choice, Encyclopaedia of Law & Economics, B. Boukaert and G. De Geest (eds.), Edward Elgar Publishing, Cheltenham, U.K.

    Google Scholar 

  • McKenna C.J. (1986). The Economics of Uncertainty, Wheatsheaf Books, Brighton.

    Google Scholar 

  • Moutinho L. (1987). Consumer Behavior in Tourism, European Journal of Marketing, 21 (10): 5–44.

    Article  Google Scholar 

  • Quandt R. (1988). The Econometrics of Disequilibrium, Basil Blackwell Ltd, Oxford, UK.

    Google Scholar 

  • Rothschild M. and J. Stiglitz (1970). Increasing risk I: A definition, Journal of Economic Theory, 2: 225–43.

    Article  MathSciNet  Google Scholar 

  • Shavell S. (1984). The Design of Contracts and Remedies for Breach, Quarterly Journal of Economics, 98, 121–148.

    Article  Google Scholar 

  • Shelanski H. and P.G. Klein (1995). Empirical Research in Transaction Cost Economics: A Review and Assessment, Journal of Law, Economics, and Organization, 11, 335–61.

    Google Scholar 

  • Schwartz A. (1992). Legal Contract Theories and Incomplete Contracts, Contract Economics, Werin L. and H. Wijkander (eds.), Cambridge, MA, Basil Blackwell, 79–108.

    Google Scholar 

  • Stiglitz J. (1974). Incentives and Risk-Sharing in Sharecropping, Review of Economic Studies, 41, 219–255.

    Article  MATH  Google Scholar 

  • Telser L.G. (1980). A Theory of Self-Enforcing Agreements, 53 Journal of Business, 27–44.

    Google Scholar 

  • Tirole J. (1988). The Theory of Industrial Organization, Massachusetts Institute of Technology, Boston, Mass.

    Google Scholar 

  • Tirole J. (1994). Incomplete Contracts: Where Do We Stand?, Walras-Bowley lecture, delivered at the North American Summer Meetings of the Econometric Society, Quebec City.

    Google Scholar 

  • Tisdell C. (2000). The Economics of Tourism, Elgar Reference Collection, International Library of Critical Writings in Economics, Cheltenham, UK.

    Google Scholar 

  • Tsay A. (1999). The Quantity Flexibility Contract and Supplier-Customer Incentives, Management Science, 45, 10, 1339–1358.

    Google Scholar 

  • Werin L. and H. Wijkander (1992). Contract Economics, Cambridge, MA, Basil Blackwell Ltd.

    Google Scholar 

  • Williamson O.E. (1979). Transaction-Cost Economics: The Governance of Contractual Relations, Journal of Law and Economics, 22, 233–262.

    Article  MathSciNet  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2007 Physica-Verlag

About this chapter

Cite this chapter

Castellani, M., Mussoni, M. (2007). An Economic Analysis of Tourism Contracts: Allotment and Free Sale*. In: Matias, Á., Nijkamp, P., Neto, P. (eds) Advances in Modern Tourism Research. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-1718-8_4

Download citation

Publish with us

Policies and ethics