Financial Implications of Seasonal Variability in Demand for Tourism Services (A Draft)
| dc.creator | Tisdell, Clem | |
| dc.date | 2017-04-01T19:15:19Z | |
| dc.date.accessioned | 2026-07-09T10:44:35Z | |
| dc.description | Using Jensen’s inequality (and its mathematical generalization), this contribution shows how increased seasonal (periodic) variability of demand for tourism services can increase the annual profit of a tourism enterprise and the producers’ surplus of a corresponding competitive segment of the tourism industry experiencing this increased variability. It identifies conditions which result in these effects being magnified and takes account of the fact that a tourism business’ supply of services is often subject to capacity utilization constraints. A novel feature is that allowance is made for the possibility that variations in the market demand for tourism services may alter the prices of factors of production. | |
| dc.identifier | Other:ISSN: 1444-8890 | |
| dc.identifier | doi:10.22004/ag.econ.243922 | |
| dc.identifier | https://ageconsearch.umn.edu/record/243922/files/WP76.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/243922 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/621595 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/243922 | |
| dc.title | Financial Implications of Seasonal Variability in Demand for Tourism Services (A Draft) | |
| dc.type | Text |